Integrity-driven actions keep people in business, providing long-term career benefits when providing exceptional service to potential buyers and sellers. That’s how agents become and remain successful.
A real estate agent's fiduciary responsibilities: Loyalty. Putting the client's wants and needs above your own. Obedience. Lawfully following and accommodating client requests Confidentiality. Details shared by clients remain inside information Disclosure. Relaying beneficial details in negotiations and all defects Accounting. Depositing EM Check immediately into a trust account Reasonable Care. Maintaining professionalism, using local knowledge Following these duties can strengthen working relationships between parties, though ultimately it is … (10 comments)
Trusted relationships are maintained with tried & true methods but do you know why it's important to avoid telling secrets while in the garden?
Because the corn has ears, the potatoes have eyes and the beanstalk!
Part of a real estate agent's fiduciary duties is to keep client information, both personal and financial, private and safe from all outside parties, further acting in the best interests of buyers/sellers.
Making reckless, false or misleading statements may adversely affect everything in progress. Only the signed names on a Listing Agreement or Buyer Broker agreement are privy to the transaction.
Never relay details of a Real Estate Purchase Contract such … (33 comments)
Real estate agents must refrain from puffing and relaying false information to potential buyers / sellers. State only pertinent facts. Research the rest to avoid fines or worse, suspension or loss of license. Newbies get excited, wanting to win over a client by blurting out things that can get them in trouble. I learned early-on to give an opinion when asked.
Breaching confidentiality is a big no-no as well. An agent took a commercial listing, going under contract quickly. The buyer realized the business was in the red, then backed out immediately. The listing agent became mad, disclosing details to several agents in the office. The need to vent can come at a great … (68 comments)
Real estate industry professionals know that Fiduciary Duty plays a large part in creating trusted client relationships. Besides, it is also a representation requirement of the Code of Ethics.
Some ignore the Sealer Muscle, verbally purge their frustrations without restraint about a difficult client, lending details or stressful aspects of a transaction in progress to an outside audience.
What’s a Sealer Muscle you wonder?
It is a built-in reflex in the conscious part of the brain, designed to close the mouth when tempted to publicly discuss private facts in an open forum.
In other words, it zips the lips, preventing some from going in front a … (19 comments)
There will be issues that crop up outside our scope of control in a real estate transaction. Part our responsibility as agents, according to the REALTORS® Code of Ethics is to keep information discussed within, confidential.
Never relay details of a transaction such as time-lines, repairs or loan approval status to someone not part of the Real Estate Purchase Contract. That includes curious relatives such as parents or grown children.
Allow buyers and sellers to fill in inquisitive relatives and friends if they wish and instead, maintain good communication with clients, using sincere care. Be honest when working with them and the rest will follow. … (60 comments)
Southern Utah has over 300 days of sunshine per year while offering mild winter temperatures for outdoor activities every day! Add that to the picturesque canyons, red rock cliffs, sandstone bluffs, clean air plus small town atmosphere and you are Home, Sweet Home! Come and experience Southern Utah for yourself!
I cover the following areas:
- St. George
- Hurricane
- Washington City
- Santa Clara
- Ivins
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- Pine Valley
- Toquerville
- Veyo
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