Legality vs. Morality: What Would You Do?

Morality or legality, I just don't think I would like to represent someone who thinks this way.

Now, would it violate our state ethics if you did turn them down to be their agent?

I also have been wondering, is there any potential civil liability to banks or real estate brokers, promoting in writing that real estate ALWAYS appreciates 5% a year? Or that homes are the greatest investment?

It seemed to me, alot of the advice buyers were getting in 2005-2007 was not in the best interest of the clients, though it seemed to be in the brokers' and bankers'best interest.

I don't think it's a violation to choose not to work with anyone for the above reason.  The code of ethics, Article 10 states this:

REALTORS® give equal professional service to all clients and customers irrespective of race, color, religion, sex, handicap, familial status, or national origin.

I'm with Richard.  I don't wish to associate with that type of person, nor do I want the reputation as someone who does.

Merrill - Using your scerario, as my buyers they would get preapproved by my mortgage rep in my office. He is a great guy. I wouldn't want to waste his time or mine knowing what this buyer intends to do. Defaulting on the current loan would negatively impact their credit sooner or later which would have a ripple effect on the purchase of another property. I feel as an ethical issue my mortgage rep should know I wouldn't let him get blind sided.

We all work hard for the money and we should all be treated right.

It reminds me of some of the "legal" show played out on TV - legality and morality do not go hand in hand.  Interesting question though.  I hope I never have to make that choice.

MB

I'm with Michael. I never want to have to make that choice. One's own personal morality doesn't always mesh with the laws, which is why there is such a cultural war in this country over abortion, gay marriage, etc.