If I witness a crime on the streets am I required by law to report it? If not, is it possible I could be labeled a conspirator? I've watched enough Judge Judy & Boston Legal to know about accessory and accessory after the fact.
That was meant to be funny.
On a more serious note, Realtors do operate by a very real Code of Ethics. We are also licensed by our perspective states and there mare many laws & standards of practices that are in place to ensure that we do right by not only the public, but by each other.
What if I were to witness a fellow Realtor commit an egregious crime/violation of ethics? Am I legally bound by the Real Estate Commission/COE to turn him in? Morally, most of you reading this would say, "fry his ass!" But are we "required" and should we be required is my question.
I am working for a seller right now. I have his home on the market and just executed a contract with a buyer who is represented by an UNLICENSED REALTOR. The agents license is inactive and has no more legal right to practice real estate than my pet turtle. If the commission were to find out there's a possibility this individual would have their licensed revoked.
Practicing real estate without a license is against the law.
Should a new code be added?