Real Estate Agents Must Know Their Ethics & Follow Them To Avoid Problems

For most people, a real estate agent is a name that sound unfamiliar, but agents can help you buy or sell a home. Real estate agents are licensed by their states to help buyers and sellers find a home they both want and can afford. There are several reasons why a real estate agent is important for buyers and/or sellers. While brokers do not represent the buyer and/or seller in a legal manner, they do have access to some legal documents, and their help in finding the right home for their clients is valuable. Our website provides info about best neighborhoods.
In many states, the attorney general and/or local government regulate realtors, making sure they provide services that are beneficial to consumers. In order to become licensed, realtors must take an approved course in sales and/or business to receive their real estate license. Some states also require brokers to take an exam, for a specified number of hours, to prove that they know how to assist individuals in buying or selling homes, and that they are qualified to act on behalf of their clients. Real estate agents have to pass a background check, complete with verification of their licenses and degrees, and pass a polygraph test before being allowed to work in the state.
Brokers, like all professionals, adhere to a code of ethics that must be followed at all times. The National Association of Realtors has written the rules and ethics of the profession, so that it can be easily regulated. According to the National Association of Realtors, “Real estate agents, when acting on behalf of a client, must not commit fraud or deceit, misrepresent the results of negotiations, coerce, defraud, or abuse other real estate professionals, lenders, homeowners, or the general public.” As a consumer, you have certain expectations from real estate agents. Read the guidelines that apply to you, and always discuss any possible purchases or sales with your realtor before you sign any papers or agree to any transaction.