In addition, a new provision in Standard of Practice 16 - 13 requires you to ask buyers whether they have
an exclusive representation agreement with any other broker before you provide any substantive services, such as writing an offer to purchase.
It also states that a REALTOR ® must ask prospects if they're subject to
an exclusive representation agreement with another salesperson before providing a «substantive service.»
Under this provision, before providing a substantive service, such as writing an offer or presenting a CMA, you must ask prospects whether they have
an exclusive representation agreement with another salesperson.
For starters, then, you should check and see if there's a For Sale sign or a listing in the multiple listing service and ask sellers if they are subject to a current
exclusive representation agreement with another real estate broker.
The Hearing Panel did not agree with REALTOR ® B's defense, noting that REALTOR ® B's curiosity or desire to enhance his listing presentation skills did not justify continued contact with a potential seller - client after that seller had entered into
an exclusive representation agreement with another broker.
Donny Smutz is an up - and - coming surrealist artist who recently joined
an exclusive representation agreement with Tinney Contemporary.
Not exact matches
Article 16 says «REALTORS ® shall not engage in any practice or take any action inconsistent
with exclusive representation or
exclusive brokerage relationship
agreements that other REALTORS ® have
with clients.»
Specifically, Article 16 requires that «REALTORS ® shall not engage in any practice or take any action inconsistent
with exclusive representation or
exclusive brokerage relationship
agreements that other REALTORS ® have
with clients.»
The second paragraph of Standard of Practice 16 - 13 guides you on this score: «REALTORS ® shall not knowingly provide substantive services... to prospects who are parties to
exclusive representation agreements, except
with the consent of the prospects»
exclusive representatives or at the direction of prospects.»
Q: I have a six - month
exclusive buyer
representation agreement with some clients.
«I don't supply buyers
with a lot of information until I've qualified them and they've signed an
exclusive buyer's
representation agreement.
A: Article 16 of the Code of Ethics protects
exclusive agreements between brokers and clients by providing that: «REALTORS ® shall not engage in any practice or take any action inconsistent
with exclusive representation or
exclusive brokerage relationship
agreements that other REALTORS ® have
with clients.»
Because you didn't have an
exclusive buyer
representation agreement with the buyer, she had no obligation to work
with you, and the other salesperson didn't violate Article 16.
REALTORS ® shall not knowingly provide substantive services concerning a prospective transaction to prospects who are parties to
exclusive representation agreements, except
with the consent of the prospects»
exclusive representatives or at the direction of prospects.»
The Article provides «REALTORS ® shall not engage in any practice or take any action inconsistent
with exclusive representation or
exclusive brokerage relationship
agreements that other REALTORS ® have
with clients.»
As Article 16 of the Code provides, «REALTORS ® shall not engage in any practice or take any action inconsistent
with exclusive representation or
exclusive brokerage relationship
agreements that other REALTORS ® have
with clients.»
In 1998, Douglas and Pamela Sumpter («Buyers») entered into an
exclusive buyer
representation agreement with Holland Realty, Inc. («Brokerage») and the Brokerage's representative, Cheryl Wettstein («Salesperson»).
Article 16 REALTORS ® shall not engage in any practice or take any action inconsistent
with exclusive representation or
exclusive brokerage relationship
agreements that other REALTORS ® have
with clients.
Article 16 (Case Interpretations for Article 16) REALTORS ® shall not engage in any practice or take any action inconsistent
with exclusive representation or
exclusive brokerage relationship
agreements that other REALTORS ® have
with clients.