NAR Recommended Handling of Multiple Offers NAR Code of Ethics and Arbitration Manual Appendix IX to Part Four Presenting and Negotiating Multiple Offers “When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their clients. This obligation to the client’s interests is… Continue Reading Multiple Offers
File License Law Complaints Online/Anonymously http://www.llr.state.sc.us/pol/rec/index.asp?file=complaint.htm Posted by : Byron King
NAR Professional Standards Forms Library http://www.realtor.org/code-of-ethics-and-arbitration-manual/forms Posted by : Byron King
To see RESPA enforcement actions by the federal Consumer Financial Protection Bureau (CFPB): https://www.consumerfinance.gov/policy-compliance/enforcement/actions/ Posted by : Byron King
Disclosing surveillance Security technology is a beneficial tool for owners and REALTORS®. However, buyer agents should let buyers know that sellers may have security systems on premises that might record their statements. Don't tip your hand for contract negotiations by making statements about how much you like the property, your motivation for buying, your top… Continue Reading Surveillance
Water quality and real estate REALTORS® should recommend that buyers obtain all inspections available including having their public or private water quality tested. The EPA and SC DHEC regulate water quality. Posted by : Byron King
Pools and Winterized Properties The recent ice and snow storms are good reminders for buyers to allow plenty of spare time for REPAIR PROCEDURE INSPECTIONS and DUE DILIGENCE INSPECTIONS. Posted by : Byron King
Net Listings = Unethical (Agent is a Speculator) Case #1-3: Net Listing (Originally Case #7-3. Revised May, 1988. Transferred to Article 1 November, 1994.) Client A called REALTOR® B to list a small commercial property, explaining that he wanted to net at least $170,000 from its sale. He inquired about the brokerage commission and other… Continue Reading No Net Listings
Multiple Offers! Multiple offers are good problems to have for sellers and listing brokerages. http://www.realtor.org/field-guides/field-guide-to-multiple-offers#sf3517115 Because only one buyer will be happy, it is important for REALTORS to treat all potential buyers with respect, fair play, and equal opportunity during any multiple offer situation. The NAR Code of Ethics is based on the golden rule.… Continue Reading multiple offers
E-Signatures are Eco Friendly and Green! Plus, you will look high tech to clients. More clients are wanting to use e-signatures. http://ypnlounge.blogs.realtor.org/2014/06/25/not-using-e-signatures-heres-why-you-should/?om_rid=AAEG6Z&om_mid=_BTsayqB865rHYX&om_ntype=RMODaily Posted by : Byron King