California’s five-year pilot program could lead to expanded enforcement of the REALTORS® Code nationally.Read More
Technology is raising a host of ethics issues, such as what’s okay and what’s not to say on social media. But the biggest ethics issues continue to be those that recur year after year such as matters involving property disclosures and settlement procedures. Here are the biggest ethics issues today along with how to handle them.Read More
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.
Bruce Aydt, REALTOR® Magazine columnist and real estate ethics instructor, receives hundreds of questions a year from REALTORS® who are confronting various ethical dilemmas. Here are some of the most prevalent problems that he's seen in the past year.
APRIL 2011 | BY BRUCE AYDT Via Realtormag.org
- Not revealing your state of licensure. On your Web site, you need to include a note disclosing the state in which you hold your real estate license. The note could say something like "Licensed in Illinois," "Illinois Licensee," or "Illinois Broker."
- Blogging or tweeting without making company affiliation evident. In any real estate–related communications on Facebook, Twitter, or other social media sites, you must include your company name in the posting or make it accessible via a link back to your company name (like your username’s link to a profile page). Your company name also must appear in all advertisements.