Real estate blog entries tagged with code of ethics by Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS® (The Artisan Group- Keller Williams Premier Realty )

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code of ethics: What's in YOUR CMA? Mandatory Guidelines for Creating a CMA ... - 09/27/07 08:21 AM

It is what we do. We create CMA's for people all the time. CMA stands for a Current Market Analysis or Competitive Market Analysis. This is where we do research to determine what our OPINION of value is for a specific property. This answers the question: What will my home sell for?
Most of the time, we, as Realtors® create these CMA's for folks that are considering using us to sell their home. It is an integral part of what we do.
However, most Realtors® are not appraisers, so a CMA is merely an opinion. Granted, it is a very educated opinion, … (21 comments)

code of ethics: SELLERS: Is Your Agent Really Representing YOU? (3 Reasons Why I DisTrust the "... or I Will Buy It" Guarantee) - 05/26/07 08:38 AM

"I will sell your house in 60 Days or I will BUY it!" Wow! What a great guarantee that your home will be SOLD - something all Sellers want, right?
But, do you really think that the agent who offers that "guarantee" is really the one shelling out the cash to BUY your house?
No.
In most cases the agent who offers this "guarantee" has a handful of investor buddies that will buy the home from you- usually at a price lower than market value. Now, I am not here to talk about why or why not selling your home … (11 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Article 17 - Arbitration and Litigation - 05/03/07 09:06 AM

So, here is my "fashionably late" (and final) Understanding the Realtor® Code of Ethics post - I have made you all wait over a month.
Intentionally Fashionably late? Really? No. I was not trying to be late. But there are 2 factors that came into play:
Business really started picking up in the Colorado Springs Real Estate Market.Article 17 gave me "drain bamage" - For as much as I understand it, I had a difficult time turning this one into understandable language.The Realtor® Code of Ethics were created by the National Association of Realtors as a set of ethical guidelines for Realtors®. These … (16 comments)

code of ethics: Buyer's Agents Aren't Necessary in a Buyer's Market - Or, So I've Heard ... - 04/15/07 07:40 AM

"I don't need a Buyer's Agent when buying a home. All I need to do is go online, find a house and buy it."
"It's a BUYERS MARKET. I don't NEED YOU!"
"I dont need representation. That is stupid. And YOU are stupid if you think that I'm wrong."
"If I want to make an offer, I will fill out an offer sheet and you can give it to your Sellers."
All these words of wisdom were given to us by an unrepresented buyer that we showed one of our listings to the other day.
Okay, let's lay the background ...
We have a listing in our … (46 comments)

code of ethics: Top 5 Benefits of Having A Buyer's Agent Represent You - 04/07/07 11:27 AM

Having a professional Buyer's Agent represent you in your next home purchase is always a sound decision. Let's take a look at how the Colorado Real Estate Commission views a Buyer's Agent, and then we will discuss the Top 5 Benefits of having a Buyer's Agent represent you in your next home purchase.
According to the Colorado Definitions of Broker Relationships (25-5-04 DEFINITIONS OF WORKING RELATIONSHIPS, Colorado Real Estate Commission):
"A buyer's agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts … (16 comments)

code of ethics: 7 Must-Ask Questions When Interviewing A Buyer's Agent - 04/07/07 07:47 AM

Having a Buyer's Agent represent you in the finding and purchase of your next home is a very important decision. They represent ONLY your wants and needs - not the Sellers wants and needs. They can be a vital asset to you when looking for and buying your next home.
Read Also: Top 5 Benefits of Having a Buyer's Agent Represent You
(Not all states actively promote or support Buyers Agent representation. However, Colorado is a state that does.)
However, please don't just hire the first agent you meet without asking them a few very important questions.A good Buyer's Agent should never shy away from … (8 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Article 16 ~ Sign Crossing - 03/29/07 11:53 AM

Here it is! The longest post on the Code of Ethics that I have ever done. Whew! There is only one more article to cover after this one. What will I DO with myself???
In case you missed them, or are new to Active Rain, please check out my previous posts on the COE ... Understanding the Realtor® Code of Ethics: Articles 1-15.
The Code of Ethics is a set of ethical guidelines designed by the National Association of Realtors® for its members. This particular article deals expressly with Sign Crossing and directly affects Realtor® to Realtor® relationships and business practices. This post is … (24 comments)

code of ethics: Code of Ethics Q&A: How Much Responsibility Does a Complainant Really Have? - 03/29/07 08:46 AM

For those of you who have been following along, you all are well aware that I write posts about Understanding the REALTOR Code of Ethics.
Now, as much as I study the Code, I do not know everything. Sometimes I come across a question or comment that I cannot answer effectively on my own. This recently happened on one of my posts: Understanding the Realtor® Code of Ethics: Article 14- Handling Ethics Violations. I read through the question several times, and did not feel comfortable answerng it on my own.
I decided to enlist the help of someone who I believe to be … (7 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Article 15 - Lies and Rumors - 03/20/07 01:59 AM

The seedy underbelly of Realtor® to Realtor® relationships... The old mantra "Can't we all just get along?" can only travel so far ...
We are all professionals ... or are we? In my recent post, Understanding the Realtor® Code of Ethics: Article 14 - Handling Ethics Violations, I explained some of the processes surrounding ethical violations. But, there is another side to this ...
Sometimes, there are people who have nothing better to do than to falsely accuse other Realtors® of violating the Code of Ethics. Well, THAT is an ethical violation, in and of itself. So there. Ha. Ha. Nanny Nanny … (67 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Article 14 - Handling Ethics Violations - 03/06/07 09:10 AM

It happens. Ethic violations happen - whether intentionally or not. Then there are times where there is NOT an ethics violation, but someone thinks that there is. The National Association of Realtors® has an extensive Code of Ethics that Realtors® are held to. These are the ethical guidelines on dealing with an ethics violation -either as the accused or the accuser.
Article 14:If charged with unethical practice or asked to present evidence or to cooperate in any other way, in any professional standards proceeding or investigation, REALTORS® shall place all pertinent facts before the proper tribunals of the Member Board or affiliated … (36 comments)

code of ethics: Colorado Realtors® and the Code of Ethics: Article 13 (Conway-Bogue Decision) - 02/25/07 07:19 AM

In a recent post about the Understanding the Realtor® Code of Ethics: Article 13, I explained that Realtors® are not attorneys. Why? Because they aren't.
Article 13:REALTORS® shall not engage in activities that constitute the unauthorized practice of law and shall recommend that legal counsel be obtained when the interest of any party to the transaction requires it.
In my post I stated, "This Article protects the public AND the Realtor® from adverse legal repercussions. Realtors® have NO BUSINESS practicing law. None. Realtors® are all versed in contract law, but are not licensed to practice it. Realtors® are allowed to "fill in … (12 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Article 13 - Realtors® Are NOT Attorneys - 02/25/07 04:49 AM

Welcome to the smallest post I will ever write about the Realtor® Code of Ethics. It may be small, but it also is one of the most important articles of the whole code.
Realtors® are NOT attorneys.
Article 13:REALTORS® shall not engage in activities that constitute the unauthorized practice of law and shall recommend that legal counsel be obtained when the interest of any party to the transaction requires it.
This Article protects the public AND the Realtor® from adverse legal repercussions. Realtors® have NO BUSINESS practicing law. None. Realtors® are all versed in contract law, but are not licensed to practice … (31 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Article 12 ~ Real Estate Advertising - 02/18/07 09:20 AM

This Article has gotten a lot of attention recently - especially for Realtors® who have embraced the internet as an advertising medium. Renee Burrows wrote a great post about Article 12 to check out, as well.
Here I will go into some details about Article 12 - the Article in the National Association of Realtors® Code of Ethics that deals expressly with advertising.
According to the National Association of Realtors® Preamble to the Code of Ethics, "The term REALTOR® has come to connote competency, fairness, and high integrity resulting from adherence to a lofty ideal of moral conduct in business relations." For those of you … (15 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Article 11 -Areas of Expertise - 02/09/07 01:23 PM

Welcome to Part 9 in my series where I (attempt to) break down the Realtor® Code of Ethics into digestible, understandable pieces. This post is about Article 11, and covers a Realtors® area(s) of expertise.
For those of you who have missed them, please check out my recent posts on The Code of Ethics: Articles 1-10.
According to the National Association of Realtors® Preamble to the Code of Ethics, "The term REALTOR® has come to connote competency, fairness, and high integrity resulting from adherence to a lofty ideal of moral conduct in business relations." This is an excellent statement that should be burned … (18 comments)

code of ethics: Two Sides of Ignorance - 01/24/07 04:15 AM

Derek came home from an afternoon showing homes to his very first buyer client, as a Realtor in Colorado Springs (we'll call her Ms. P) and sits at the computer in obvious bewilderment. He logged onto the local MLS and then paused for a few minutes.
"Honey. What's up? How did your day go?" I was excited about his first time out showing homes, as well as interested in why he was so bewildered."Well, it went ok. But I need to narrow down her search to homes on streets with no mature trees and a lot of street lamps.""Huh?" I now joined … (35 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Article 10 - Don't Be An Ignorant Fool (Discrimination) - 01/23/07 04:02 PM

Welcome to Post #8 in my series, Understanding theRealtor® Code of Ethics.
Equal Housing Opportunity... Fair Housing Laws ... The little black and white house on most Realtors® business cards, flyers, advertisements ... etc. This little house represents Fair Housing Laws, and Article 10 of the Realtor® Code of Ethics addresses these. Bottom Line? Don't be an ignorant fool. Don't discriminate.
What IS discrimination? According to Dictionary.com, discrimination is: treatment or consideration of, or making a distinction in favor of or against, a person or thing based on the group, class, or category to which that person or thing belongs rather than on … (17 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Article 9 ~ Writing, Conveying and Maintaining a Contract - 01/17/07 03:16 PM

In my quest to de-code the National Association of Realtors® Code of Ethics I now give you #7 in the series. In this post I will discuss Article 9. This article deals with how contracts are written, conveyed and "kept together" according to the National Association of Realtors®. (I apologize for the delay in getting this post out and Article 10 will follow shortly.)
Article 9REALTORS®, for the protection of all parties, shall assure whenever possible that all agreements related to real estate transactions including, but not limited to, listing and representation agreements, purchase contracts, and leases are in writing in clear and … (23 comments)

code of ethics: Understanding the Realtor® Code of Ethics -Article 8 ...Other People's Money - 01/05/07 02:21 PM

This is 6th in a series of posts describing what the Code of Ethics are and what they mean to you - the buyer or seller or landlord. This particular post deals with the last article concerning a Realtors® duties to Clients and Customers. (The following posts will be regarding a Realtors® duties to the public and to other Realtors®.)
In case you are just now joining this discussion, and don't know what a Realtor® is... A Realtor® is a member of the National Association of Realtors® (NAR) - the world's largest professional association, and who is bound by a strict Code … (19 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Articles 6 & 7 -Disclosing Compensation - 01/01/07 03:42 PM

Here is the 5th in a series of posts dedicated to Understanding the Realtor® Code of Ethics. These posts are designed to explain the Ethics that Realtors® are bound to. For the full Code of Ethics, please visit the National Association of Realtors®.
Before I delve into Articles 6 & 7, I would like to take a moment to bring up a few relevant posts that I have read recently that touched on the Code of Ethics, as well as provide links to the previous Code of Ethics posts that I have written. Please take a moment to check these out, if you … (13 comments)

code of ethics: Understanding the Realtor® Code of Ethics: Articles 4 and 5- Disclosure of Ownership Interest - 12/24/06 10:04 AM

This is fourth in a series of posts describing what the Code of Ethics are and what they mean to you - the buyer or seller. This post will go into Articles 4 and 5 of the National Association of Realtors® Code of Ethics.These 2 Articles define the 3-D's of a Realtors® duties when they are looking to buy or sell a property that they have or will have ownership in. The 3-D's are:1. Disclosure2. Disclosure3. Disclosure
Remember ... Not every real estate agent s a Realtor®. A Realtor® is a member of the National Association of Realtors® (NAR) - the world's largest … (21 comments)

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