Knowing how to respond comes in part from experience in handling uncomfortable situations. But that doesn’t mean seasoned professionals aren’t stumped from time to time. Ethics experts identify dilemmas that are likely to pop up in today’s market, and provide guidance on how to respond.
Although the code of ethics standards have evolved over the years, REALTORS® today still subscribe to the same basic principles of fairness, duty, and honesty that were the core of the original 1913 code.
A limited-service listing can be an exclusive listing even if it doesn’t provide the range of services you define as full service. Contact the broker first and obtain permission before you call the seller.
Over nine decades, the Code has grown in meaningfulness, sentimentality, and value, becoming a shining symbol of integrity, pride, and professionalism. For the Code to remain vital, it must be polished—reviewed constantly in light of changing practices, business models, consumer expectations, and technologies.
A cooperating broker isn’t required to obtain the listing broker’s permission to advertise a property as sold unless the property hasn’t closed. After closing, there’s no restriction on posting such a sign, though the co-op broker should do so only with the new owner’s permission.