Promote Seller’s Best Interest

When a Listing Broker took the listing, the Seller made it very clear what price they wanted the property to be listed and sold. After weeks of marketing the property, the Listing Broker concluded the property was overpriced. The Listing Broker shared this opinion with their sales team but failed to share with the Seller. Was this a violation of the Code of Ethics?

Rationale for Mid-Year SOP Changes

At the REALTORS® Legislative Meetings (RLM) in Washington, NAR made multiple revisions to the Code of Ethics and Arbitration Manual (Manual) that became effective June 5, 2025, including changes to 11 Standards of Practice (SOP). This article aims to explain the ‘why’ behind the SOP changes and describes NAR’s rationale.

Disclose Contemplated Interest in Property Appraised

A Realtor appraised an apartment building for a seller. The Realtor did not disclose to the seller that they were already the property manager for several other buildings owned by the buyer. However, the Realtor took care not to discuss managing the appraised property with the buyer. According to the Code of Ethics, is this a violation?

Affirmatively Recommend Attorney Be Consulted When Needed

A Realtor should have affirmatively recommended that a party to the transaction consult their own attorney to definitively establish the legal rights in question. The Realtor was found in violation of the Code of Ethics, but took this as an opportunity to improve their business ethics and share their story about learning something new.