agent responsibility to clent: Agents who trade in the OLD CAR
- 07/05/09 05:09 PM
One of the first things we learned when we attended Real Estate School were the Laws of Agency in that unforgettable acronym O-L-D C-A-R. As all agents know (or should know) this refers to the fiduciary relationship agents have to their principal clients. As agents, we must demonstrate the following responsibilities: Obedience, Loyalty, Full Disclosure, Confidentiality, Accountability and a Reasonable level of care. Sometimes, we’ve dealt with agents who have decided to trade in the OLD CAR for a new one – one that works in their own best interests. Nobody is perfect and sometimes errors and miscommunications will occur. What … (4 comments)
One of the first things we learned when we attended Real Estate School were the Laws of Agency in that unforgettable acronym O-L-D C-A-R. As all agents know (or should know) this refers to the fiduciary relationship agents have to their principal clients. As agents, we must demonstrate the following responsibilities: Obedience, Loyalty, Full Disclosure, Confidentiality, Accountability and a Reasonable level of care. Sometimes, we’ve dealt with agents who have decided to trade in the OLD CAR for a new one – one that works in their own best interests.;)
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