Real estate license Vendors You must adhere to certain specific guidelines, in terms of ethics, integrity, and service. However, since, for example, a Listing Agent owes their loyalty to their client, in addition to complying with real estate laws, there are cases where there can be some confusion about where one’s loyalty to their client begins. and it begins, just as it ends. This fine line often focuses on whether specific information is relevant, in terms of being, material, and what that means and represents. With that in mind, this article will attempt to briefly examine, review, and consider some of the central considerations involved.
1. Personal circumstances of the client: An agent must maintain the privacy that his client needs and deserves! Some of these considerations include: the specific reasons one might be selling; any financial needs of your client; time frame; any flexibility in terms of price, etc. The ethics of an agent requires fiduciary loyalty to those whom it represents. Inform, for example, a potential buyer, of your client’s house, any previous information, can weaken, its bargaining power. It is your ethical responsibility to do everything you can, legally and ethically, to serve them and try to achieve their goals, which can often include obtaining the highest possible price, in the shortest amount of time, with a minimum of hassle. or stress.
two. Personal knowledge: When a potential buyer asks a question, you should answer it, honestly and as completely as possible, within the restrictions and restrictions of your ethical commitment, with the person you represent. This means that if you are asked about schools, neighborhood, crime, etc., you must be the source – of – the – sourceThat is, telling them where the requested information might be available, rather than your version of those events.
3. Material declarations: If you are aware of a material problem, such as public information about certain public projects, etc., that could negatively affect the property values, or the enjoyment of the property in question, or any material defect, such as personally known structural problems, etc. . you must disclose them.
Remember, the personal responsibility of an agent, as a representative / agent of the property owner, includes protecting things, such as personal fiduciary / financial information, any personal problems (marital, family, etc.), etc., but this does not exclude the legal necessity to disclose, in an honest and honorable way, each and every one of the material matters legally considered to which the buyer is entitled. The more we know and understand, the better the process will be served.
