600+ Hotlines! Top Issues: Forms State Law Ethics Disclosure License Law Other (Clear Cooperation, MLS issues, Multiple Offers) Professional Standards: 15 ethics packages sent 1 arbitration package sent 5 packages completed and returned 1 hearing and 1 citation Top ethics articles complained about: 2, 3, 12, and 15 Posted by: Byron King on 12/01/20 (This… Continue Reading Hotline October!
Case #17-2: Dispute Between REALTORS® in Different Boards REALTOR® A cooperated in the sale of a commercial property with REALTOR® B, the listing broker. REALTOR® A is a member of the XYZ Board of REALTORS®, and his office is located in the XYZ Board. Both the property and REALTOR® B’s office are located within the… Continue Reading Ethics Case 17-2 You Decide – $ Dispute Different Board Members
Case # 17-1: Obligation to Submit to Arbitration REALTOR® A and REALTOR® B had been engaged in a cooperative transaction that resulted in a dispute regarding entitlement to compensation. Rather than requesting arbitration before the Association of REALTORS®, REALTOR® A filed suit against REALTOR® B for payment of the compensation he felt REALTOR® B owed… Continue Reading Ethics Case 17-1 You Decide – Arbitration
Duties to the Public Article 10 (Case Interpretations for Article 10) REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. REALTORS® shall not be parties to any plan or agreement to discriminate against a person or persons… Continue Reading NAR Adds SOP 10-5 Fair Housing Hate/Harass Speech/Post Ban
Do utter or post any harassing or hate speech or posts...or you may now face ethics charges. To learn more about the changes to NAR ethics article 10 FAIR HOUSING under SOP 10-5 updated by the NAR Board of Directors and view recordings of NAR Zoom meetings on this issue over the next 6 months.… Continue Reading Article 10 Fair Housing Updated: No Hate/Harassing Speech/Posts
Reports to the hotline are that the courts are pandemic backed up for weeks/months so foreclosures, evictions, and ejectments can be delayed even beyond the CDC eviction moratorium due to be lifted/extended in 2021. Due to these reports of delays, owners needing to provide early/late/occupancy or evict/eject/foreclose may want to be recommended to obtain legal… Continue Reading ALERT: EARLY/LATE/OCCUPANCY ISSUES
Regarding the current NAR Legal #1 Broker Risk "WIRE FRAUD" please watch the SCR video on this issue and review the SCR610 WIRE FRAUD form (consider providing this SCR610 form like candy in addition to your email signature too perhaps). https://www.youtube.com/watch?v=2nQLCom9U8c https://screaltors.org/wp-content/uploads/Forms/610.pdf Pass the word on WIRE FRAUD to consumers, lenders, contractors, media, lawyers, brokerage,… Continue Reading #1 Broker Risk per NAR Legal = WIRE FRAUD
https://www.nar.realtor/legal/hot-topics-for-brokers 1. Wire Fraud 2. Cold Calling and Texting Leads/Consumers 3. Your websites are not ADA compliant for sight impaired users 4. Fair Housing - including new ban on harassing/hate speech, slurs, epithets 5. Multiple Offers - seller controls - SCR312 highest and best 6. COVID-19 issues 7. MLS Clear Cooperation Policy cure to Off… Continue Reading Broker Risks – Top 8 per NAR Legal
Hot markets, low inventory...good time to remind your brokerage buyers that you may be working with multiple buyers who desire the same real estate and you will maintain all these buyers' confidential information. Document this discussion with SCR140 Multiple Buyer form. SCR buyer side agreements mention this and this form reinforces. https://screaltors.org/wp-content/uploads/Forms/140.pdf Posted by: Byron… Continue Reading Multiple Buyers Form SCR140
NAR will broadcast different training sessions on the NAR ban of hate/harassing speech and epithets/slurs. Please register and tune in live or the recording on all of these training sessions. Trainings Scheduled for Ethics Changes NAR will be hosting monthly trainings to provide guidance on the changes to the Code of Ethics that were approved… Continue Reading Trainings on NAR Ban Hate/Harassing Speech & Epithets/Slurs