We all know that Realtors® must agree to arbitrate their complaints but PAR also provides another process that can help resolve conflicts and save relationships: mediation.
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We all know that Realtors® must agree to arbitrate their complaints but PAR also provides another process that can help resolve conflicts and save relationships: mediation.
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Among other things, becoming a Realtor® means that you must abide by a Code of Ethics and that you agree to arbitrate fee disputes that might otherwise lead to lawsuits.
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During the National Association of Realtors® (NAR) Annual Convention several changes to the code were adopted that will be reflected in the NAR Code of Ethics effective January 1, 2012.
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Realtor® A is about to enter a property into the MLS. The sellers, however, have a slight problem with Realtor® B, who happens to be one of their neighbors. Realtor® B was the listing agent at the time the sellers purchased the property and they believe she misrepresented certain conditions. They were vindicated when...
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Local associations could have the option of mandating mediation in arbitration cases if a proposed change to NAR’s Code of Ethics is approved at the annual meetings in November.
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Article 10 of the NAR Code of Ethics previously prohibited REALTORS® from discriminating based on race, color, religion, sex, handicap, familial status or national origin in providing real estate services, as well as prohibiting that discrimination in employment practices.
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For 2011, the NAR Professional Standards Committee has taken the unusual approach of loosening a rule to accommodate specific types of electronic advertising.
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The biggest threat to broker and franchise websites is their failure to keep pace with the online marketplace, according to the WAV Group, a real estate consulting and research company.
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With the new year comes new changes to the NAR Code of Ethics and related procedures.
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Thursday, Feb. 9, 2012
