Did You Know There's a Realtor Code of Ethics?

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Many people don't understand that real estate agents have several responsibilities to uphold when serving their clients. Today, I want to go over a few of them, so you can tell an honest, intelligent agent from one who might be selling you short.

Did you know that there is a Realtor Code of Ethics most agents adhere to, or claim to adhere to? This is Real Estate 101 - it's what they teach at real estate school when going over how to be the best possible agent. There are five things that we as professional real estate agents are supposed to do every single day:

  1. Loyalty & Obedience: When an agent enters into a business relationship with a buyer or seller, the agent has a very important responsibility to act in the best interest toward that buyer or seller - even if it's at the expense of the agent. However, the best agents have no problem staying loyal, and are willing to put their money on the line for their clients. At least, that's how we operate! As far as obedience is concerned, we have to adhere to the wishes and desires of our clients and do what they ask of us. Of  course, we can't do anything illegal or immoral, but it is up to the agent to fulfill the client's wishes to the best of their abilities.
  2. Disclosure: When representing a buyer, a Realtor has to disclose all of the relevant information they have available that could affect the current and projected value of the property. Failure to reveal potentially dangerous facts about the property, such as the lack of the integrity of the structure, would be a breach of honesty, something an agent must always maintain.
  3. Confidentiality: When representing a buyer or a seller, it's the agent's responsibility to maintain the trust that the client has placed in them. The only exception to the rule is when that information may comprise insights about the integrity of the property itself.
  4. Reasonable care and diligence: Taking care of all matters pertinent to the transaction and getting everyone to the closing table in a timely fashion and in a way that demonstrates expertise is another responsibility agents have to their clients.
  5. Accounting: It's our duty to make sure your money is properly accounted for and handled with a certain level of exactness.

These are the principles that we at the Kelly Fischer Team - and, hopefully all other professional Realtors - adhere to on a daily basis. If you have any needs here on the Treasure Coast or surrounding areas, feel free to call the Kelly Fischer Team! We would love to help you accomplish your real estate goals today!