Licensed Real Estate vendors must abide by certain specific guidelines, in terms of ethics, integrity and service. However, since, for example, a Listing Agent owes his loyalty to his client, in addition to complying with the laws relating to real estate, there are instances where there may be some confusion as to where one’s loyalty to his client begins. client. and it begins as well as it ends. This fine line often focuses on whether specific information is relevant, in terms of being, material, and what that means and represents. With that in mind, this article will attempt to examine, review, and briefly consider some of the core considerations involved.

1. Personal circumstances of the client: An agent must maintain the privacy that their client needs and deserves! Some of these considerations include: the specific reasons one might be selling; any financial needs of your client; time frame; any flexibility in terms of price, etc. The ethics of an agent, demanding fiduciary loyalty to whom he represents, informing, for example, a potential buyer, of his client’s house, any of the above data, can weaken, their bargaining power. It is your ethical responsibility to do everything you can, legally and ethically, to serve them and try to achieve their goals, which can often include getting the highest possible price, in the shortest amount of time, with a minimum of inconvenience. or stress.

two. personal knowledge: When a potential buyer asks a question, you must answer it honestly and as completely as possible, within the limitations and restrictions of your ethical commitment to the person you represent. This means that if they ask you about schools, the neighborhood, crime, etc., you should be the fountain fountainthat is, telling them where the requested information might be available, rather than your version of those facts.

3. Material declarations: If you become aware of a material problem, such as public information about certain public projects, etc., that could negatively affect the value of the property, or the enjoyment of the property in question, or any material defect, such as personally known structural problems, etc. . you must disclose these.

Remember, the personal responsibility of an agent, as a representative/agent of the property owner, includes protecting things, such as personal fiduciary/financial information, any personal matters (marital, family, etc.), etc., but this does not exclude the legal need to honestly and honorably disclose any and all legally deemed material matters to which the buyer is entitled. The more we know and understand, the better the process will be!