An acquaintance asked me discuss possibly taking on their listing. Would it be in violation of the Code of Ethics for me to follow through with this request without first getting permission from the broker who currently holds the listing? Or would this be OK because my acquaintance approached me about it?
About a week after I took on a new listing, I switched brokerages and had my license transferred. My client wants to follow me to my new broker. Can she ask my former broker to terminate the listing so she can relist with me at my new brokerage?
With distressed properties, there can be confusion about when an offer is accepted. The seller is still the legal owner of the property in most cases, and must be the first to accept an offer. Yet the lender also must approve or agree to the transaction, since it’s being asked to take less than what’s owed on the mortgage.
Is it ethical to contact the owners of commercial property with old signage that don't appear to be actively marketed? Should I contact the broker and ask if he or she has a current listing on the property?