Can realtors comment on safety?
Thanks! this is 100% true. Agents can not comment on the safety of a neighborhood and can have their license revoked if caught doing so.
Can Realtors reveal offers?
While some REALTORS® may be reluctant to disclose terms of offers, even at the direction of their seller-clients, the Code of Ethics does not prohibit such disclosure. In some cases state law or real estate regulations may limit the ability of brokers to disclose the existence or terms of offers to third parties.
Can REALTORS give opinions?
When customers ask, “How are the schools?” The best thing a REALTOR® can do is guide them to third-party information, so they can make a decision on their own.
Is it stressful being a Realtor?
The job of a real estate agent is considered one of the most stressful jobs you can have, according to CareerCast’s 2010 Jobs Rated report, which analyzed the stress level of 200 professions.
Can a seller agent lie about other offers?
Underquoting is when an agent falsely advertises a property or tells you that it will sell for an amount that is less than their actual estimated selling price in the agency agreement they have with the seller. This is an offence and agents can lose their fees and commissions and be fined up to $22,000.
Do sellers always pick the highest offer?
But do sellers always accept the highest offer? The short answer is no. While the offer price is certainly one of the main things the seller will look at, it’s not the only thing that matters. Savvy sellers (and sellers with smart Realtors) know that they need to consider the entire offer, not just the price.
Are you obligated to a realtor?
Once you sign a buyer’s agent agreement, you are legally obligated to work with that agent. … If you try to switch to a different agent during this period without canceling this contract, you could land in legal hot water.
Why can’t realtors talk about schools?
Crime statistics and details about schools can be interpreted as references to race – a violation of the Fair Housing Act – which is why Relman says a real estate agent won‘t tell you about crime in a neighborhood. The law also applies to selling a home.
Can realtors talk about politics?
This year’s intense election and political atmosphere are certainly causes for serious thought and conversation, but should be avoided in discussions with clients and fellow agents. In general, agents should stay away from discussing any and all controversial things, like politics, religion, sex, etc.
Why is blockbusting illegal?
“Blockbusting” has been illegal since the Fair Housing Act of 1968. … Through blockbusting, brokers intentionally stoked fears of racial integration and declining property values in order to push white homeowners to sell at a loss.