REALTOR® Magazine ethics columnist Bruce Aydt, general counsel at Prudential Alliance, REALTORS®, in St. Louis, shares his thoughts on doing the right thing when faced with the six most challenging articles in the NAR Code of Ethics.
MARCH 2012 | BY BRUCE AYDT
Article 1: Fiduciary duty
To “protect and promote” the client’s interest is to focus on what’s best for the client you represent while being honest with all parties. Flipping attempts in short sales is one area in which listing agents must be watchful of sellers’ best interests.
Article 2: Disclosure of pertinent or material facts
Property condition disclosures are vital. Make sure property defects and adverse factors are disclosed to the buyer or tenant.