There are several things to know about Real Estate Agents (Brokers).
- There is a REALTOR Code of Ethics, rules that we play by. Real Estate Agents (Brokers) are only REALTORS if they belong to the National Assocation of REALTORS. The Code of Ethics is a NAR document. When you join NAR you become obligated to follow this Code of Ethics. There are Real Estate agents (brokers) who do not belong to the National Association of Realtors and are not obligated to follow the Code of Ethics.
- We are all licensed by our individual states as well. Our license requires that we follow all state and local laws as they pertain to real estate, such as the Fair Housing Laws, Americans with Disabilities Act, etc.
- Then we have our local Multiple Listing Rules which covers listings, how and what we enter on listings, how we handle offers, fines for not following the rules.
- Then there is the Agency Disclosure for each state. This is tied in to the Code of Ethics and explains to you, the consumer, what you can expect from a Real Estate Agent you work with.
We are regulated and then we are regulated some more.
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