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Is Social Media Killing Confidentiality?
One of a real estate agent's main fiduciary duties to a client is confidentiality. I don't think anyone could dispute how important this is. So why then do so many people breach it on Facebook and other social media?
I have seen a ton of agents do it every day on Facebook, posting things like:
"My listing on __________ just got a showing for the first time in over month."
"Just sold my new listing in 10 days! Now sellers need to buy quick...does anyone have something coming up in the _________area?"
"My first-time buyers are negotiating on yet another home, hope the third time is a charm."
Before I discuss what is wrong here ( Note: I am NOT an attorney and nothing here should be construed as legal advice or interpretation of the law ), let me share this from the Ohio Revised Code 4735.51 regarding the definition of confidential information:
"All information that a client directs to be kept confidential or that if disclosed would have an adverse effect on the client's position in the real estate transaction, except to the extent the agent is required by law to disclose such information, and all information that ... more
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