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January 16, 2009
Steve Alexander Acceptance Speech
December 9th, 2008
My goals for 2009 are relatively simple. I would like to see a continuation of improvement in our efforts at communication, a continuation of selling the value and benefits of membership in our Association, and to increase the involvement of our members in our Association.....
At home or at work, downloading the book all at once or by sections, Click here to purchase your copy and access the PDF link now! Did you know?
Be in the know. Read the news >> BATTERIES, HOW LOW CAN YOU GO?
If so, please email gail@scaor.com and let her know where you purchased it, and how much it cost. STAFF BREAKS DOWN THE WALLS!
SCAOR staff helped demolish walls in the old building, as construction nears completion. Temporarily working out of the Education wing, staff will shortly shift back to refurbished offices to better serve members. Thank you for your continued patience while we complete the changes. MULTI-FAMILY vs. DUPLEX CLARIFICATION
Multi-Family is a designated Property Type in the MLS. A property should be listed as a Multi-Family residence if the property sits on a single parcel of land, does not have separate unit numbers as part of a condominium ownership, and can only be sold together to a single entity. The property contains more than one residence and can be occupied by multiple families. Duplex is a style of home that is found under "Coded Features" in the MLS.
Full Listing of January 20, 2009 through February 23, 2009 ETHICALLY SPEAKING... Our Duties to Clients and Customers
Code of Ethics Case Study #7-1: Buyer A engaged REALTOR® B to locate a small commercial property. Buyer A explained his exact specifications indicating that he did not wish to compromise. They agreed that if REALTOR® B could locate such a property within Buyer A's price range, he - the buyer - would pay a finder's fee to REALTOR® B. Two weeks later, REALTOR® B called Buyer A to advise that Seller C had just listed a property with him that met all of Buyer A's specifications except that the listed price was a bit higher than Buyer A wanted to pay. Buyer A inspected the property and liked it, but said he would adhere to his original price range. REALTOR® B called Buyer A three days later to say that Seller C had agreed to sell at Buyer A's price. The sale was made and REALTOR® B collected a commission from Seller C and a finder's fee from Buyer A which was not disclosed to Seller C, REALTOR® B's client. Several weeks later, Seller C learned about the finder's fee that REALTOR® B had collected from Buyer A and filed a complaint with the Board of REALTOR® charging REALTOR® B with duplicity and unprofessional conduct. The complaint specified that when REALTOR® B had presented Buyer A's offer at less than the listed price, he, the seller, was reluctant to accept it, but REALTOR® B had convinced him that the offer was a fair one and not likely to be improved upon in the current market; and that REALTOR® B had dwelt at length on certain disadvantageous features of the property in an attempt to promote acceptance of the offer. The complaint charged that REALTOR® B had actually been the agent of the buyer while holding himself out as the agent of the seller. Further, Seller C asserted that REALTOR® B had never mentioned that he was representing the buyer or intended to be compensated by the buyer. At the hearing, REALTOR® B's defense was that he had served both buyer and seller faithfully; that he had not accepted Seller C's listing until after he had agreed to assist Buyer A in locating a property; and that in his judgment the listed price was excessive and the price actually paid was a fair price. Based on your understanding of the Code of Ethics Article 7, how do you think the Professional Standards Panel ruled? Find out in next week's At a Glance!
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© Copyright 2009 Sussex County Association of REALTORS®
23407 Park Ave., Georgetown, DE 19947, USA Phone (302) 855-2300 ~ Fax (302) 855-2319 ~ info@scaor.com ~ www.scaor.com |
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