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Video instructions and help with filling out and completing Colorado real estate commission complaints

Instructions and Help about Colorado real estate commission complaints

Hi I'm Kim Farber Lynch broker with equity real estate and a director for the Salt Lake Board of Realtors and board liaison to the professional standards and grievance committees one of the most common ethical complaints the professional standards committee hears has to do with agency related problems I wanted to take just a moment and highlight a couple of the most common mistakes we see that can lead to ethical problems first many agents fail to adequately explain to their buyer what the exclusive buyer broker agreement requires of both the agent and the client this casual and haphazard approach to this very important agreement can cause buyers to become confused about who represents them and why that is so important knowing who represents the client and what that agent is committing to do for that client is critical with that in mind we would recommend that upon your initial contact with your client sit down take five or ten minutes and explain what the buyer broker agreement is designed to accomplish this type of professional conversation will better educate your buyer and minimize the possibility of the buyer contacting another agent to represent them thereby eliminating you from the deal when buyers do this it is usually because the buyer was not educated about basic agency principles and what they are committing to as stated in the buyer broker agreement the second issue that often comes up relates to article 16 of the code of ethics that article essentially says that realtors may not interfere with another Realtors exclusive representation agreement that they have with a client a common complaint we hear is that realtors stole my client to minimize this sort of problem we would strongly recommend that each of you respect your colleagues in any exclusive representation agreements they may have with buyers and sellers if you are approached by a prospective buyer simply ask them if they are working with another realtor before proceeding doing this may just be all that is needed to avoid the common ethics complaint of interfering with another agents client the last point I would like to make is just be professional take pride in what you are doing and let's raise the bar to a new level the only people that can improve our industry and bring it to the highest level is you thanks for listening and good luck out there.


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