Knowledebase Tag: code of ethics
- What should you do if another REALTOR®’s client asks you for a second opinion on general real estate practices?
- What is a variable-rate commission?
- I’m the property manager for a home in an up-and-coming neighborhood. The property owner said a REALTOR® in his neighborhood convinced him it’s a good time to put the house on the market, with her as the listing agent, after our property-management agreement ends in April. I also list homes, and I have an existing relationship with the homeowner. Is the other REALTOR® violating the Code of Ethics by contacting my client?
- A friend called me after his recent closing to ask about a transaction fee listed on his Closing Disclosure form. He says it was charged to him by the broker representing the other party. When he asked the broker about the fee, she said she always charges this fee to both sides of the transaction. My friend didn’t know about or authorize this fee. Is the broker in violation of TREC rules or the Code of Ethics by charging this fee without his authorization?
- My sister is looking for a new home, and I’m acting as her buyer’s agent. Am I required by TREC rules or the Code of Ethics to disclose to the seller that the buyer is my sister?
- What sanctions can be imposed for violations of the Code of Ethics by REALTORS® who participate in the MLS but do not hold membership in the board?
- A company has two offices in two different board jurisdictions. Principal broker A belongs to board A (where firm A is located) and principal broker B in the same company belongs to board B (where the firm’s branch office is located). A salesman who works in broker A’s office decides to hold primary membership in board B pursuant to the board of choice policies. Can broker B be automatically joined in any Code of Ethics complaint against the salesperson?
- How does board of choice affect professional standards enforcement?
- Can I list a property that’s not located in Texas?
- An architectural design firm I recommend to clients gave me free box seat tickets to a local sporting event. Does the Code of Ethics say I have to disclose this to my clients?
