10. Talk to Other People’s Clients (aka Interfering in their agency agreement and agency relationship) without their permission.
9. Video/Photograph a property without the owner’s permission.
8. Soliciting Leads using Text and/or Phone Improperly.
7. Misrepresenting when a property is available for showing.
6. Steering (fair housing): Avoid issues by your Buyers directing/steering you about properties they want to see using parameters decided by the Buyers (e.g., price, features, area, cooperative compensation aka how much Buyers willing to come out of pocket, schools and other issues that Buyers can research using the internet and private investigators).
5. Using Fair Housing bad love letters describing any protected class traits. Avoid issues by using business love letters that describe credit, cash for closing, no need to sell to buy, ability to close quickly, ability to make a deal without certain contingencies, cash available for closing costs, cash available for earnest money, ability to use due diligence, strong credit, strong lender, documented underwriting on buyer).
4. Giving answers to questions without your seller principal’s direction. You can always say "That is a great question. Let me write that question down and I will present your question to my seller/buyer principal for their direction."
3. Not handling earnest money checks properly.
2. and 1. Not disclosing issues (e.g., even minor termite issues, foundation issues, improvements made without permits, any leaks and water issues even minor or long ago, roof issues, boundary issues, access issues, your relationships to people in the transaction).
Posted by: Byron King on 7/6/21 (This information is only accurate as of 7/6/21. You must contact SCR for updates and changes to this information after 7/6/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)