Over a year ago I wrote the basic Real Estate Code of Ethics for the Buyer and Seller. I figured that we Real Estate Professionals abide by our Code of Ethics (REALTORS'® Pledge of Performance and Service) and if there were some sort of guidelines for the Buyer or Seller (on top of the Buyer's Representation Agreement or Listing Agreement) I would dream that they would follow them. Is it just fantasy?
The following points I wrote before in the old post (and a couple more) and in parenthesis are my additional comments to give it a little humor:
- I will be loyal and honest to my REALTOR® and respect that they are thinking in my best interests. (I mean, I did come to them for help in the first place, right?)
- I will listen only to my REALTOR® regarding real estate matters because they are the experts in real estate (not me, my friends, my associates nor my family who know nothing about Real Estate but 'think' they do)
- I will follow the contingencies and timelines in the Purchase Contract and do "my part" for the transaction by following my agent's lead. (and not blame them when I don't do as they ask in a timely manner ...or because I went bar hopping the night before)
- I will not verbally, emotionally, mentally or physically abuse my REALTOR® (or for that matter any other human being, animal or any other living thing because I had a fight with my significant other)
I will ask my REALTOR® for referrals to home inspectors, loan officers, surveyors, title companies, escrow companies, tax people, etc. and not expect my agent to produce answers to questions they are not an authority on. (nor will I try and pretend I am the all mighty expert)
- I will not call around to other agents or interfere in an offer or listing I have with my agent so that I can be "on top" of my transaction. (I admit I have control issues and need to leave the work to the professional)
- I will let my agent know if there are any concerns so that we can come to a "meeting of the minds" relationship. (instead of 'expecting' my agent to read my mind or be a fortune teller)
- Refrain from exaggeration, mis-representation, or concealment of pertinent facts related to property or transaction. (in other words I won't lie about the pending divorce nor lie about the floor caving in from termites and the patch job my buddy and I did)
- Respect the exclusive representation or exclusive brokerage relationship agreements that other REALTOR® have with their clients just as my REALTOR® does. (instead of sneaking around and going to the seller's property to 'catch' them and quiz them for details or calling the buyer to renegotiate ...under the table)
- I will not purposely create an environment that prevents my REALTOR® or a REALTOR® Representing a Buyer from showing my property to ready, willing and able buyers. (Sellers: If you plan on staying home for showings, please don't make the agent/buyer uncomfortable with YOUR opinion on what the buyer can do with the room)
- I will never plan trips out of town or out of the United States without first checking with my agent. (Courtesy -in case there may be something to sign or do during this crucial time! )
- I will not purchase a new car or take out new (or even max out the ones you do have....George Souto (McCue Mortgage Co.) input) credit cards while in escrow (Buyers: And then rack em up so when the docs go to underwriting you all of a sudden have a low credit score and your income to debt ratio makes you no longer able to qualify)
- I will call my Realtor® if I'm going to be late (or not show up at all.)
- I will give my Realtor® input and ask questions if I have a concern (instead of holding it all in and then blowing up when I don't get my way)
- Please do not call me from the car, all excited, because you entered a new construction development, against my direct orders, and "forgot" to tell them you are represented by an agent. Susan Mangigian, West Chester PA Realtor And...
- Please do not expect me to be excited because after showing you 14 homes on a Saturday, you left me at the office and drove past a for sale by owner and went in and LOVE IT!!!.Susan Mangigian, West Chester PA Realtor
And after all is said and done...... "a nice thank you'" for your appreciation to your Realtor®
is the most rewarding thing they can hear.
Howard Goff (Realty Executives) and Robert L. Brown~Grand Rapids Real Estate Flexit Realty, West Michigan (www.mrbrownsellsgr.com) happened across the old post yesterday and I thought...why not bring it back to life with ....
An open invitation to add to your COE points for buyers and sellers to this list! (I will post them continuously after # 14 on this post.)
© 2008 Celeste "Sally" Cheeseman, All rights reserved.
Honest and loyal buyers and sellers? WOW!!!!!! I was taught in Real Estate School: "Buyers are liars and sellers are yellers".
Sis - Shoot, I need one of these for the Mortgage Folks:-)
Honest Buyers , Is that an Oxymoron? Just teasing. I believe we attract into our lives what we want and deserve. if we think buyers are liars, we will attract lieing buyers. I always give buyers the benefit of the doubt and assume they are loyal and honest
Too bad we can't really make each and every buyer sign one of those before they are allowed to look at homes.
Too bad we can't really make each and every buyer sign one of those before they are allowed to look at homes.
Gary: Well, granted there are a few clients that were not loyal and unruley ...but all in all I've had quite a bunch of nice folks. :) Can you add anything to this list? I'll post it along with link love if you do. :)
Lil Bro: Hey...why don't you do one....this was fun a year ago....adding to it with pun intended was pretty fun too :)
Brett: Yeah...I wouldn't go as far as classifying a group but there have been a few ..just as they would say there have been a few of us...who did not abide by the COE too :) Also, we do attract the same types of personalities that we are ....usually. It just happens that way :)
Patrick: Well, I have not even signed a buyer's rep in my time in the industry so how would I get a client to sign this ....when I'd be laughing too much :)
Sis - I just might do one, inspired by you of course. Just don't give me slack for doing a spin-off post:-)
Jason: I looooveee spinoffs! Just don't come back here and tell me in your comments...email me..you got my address lol! And you know I'm joking....right?
Now...how do I stick my tongue out at you? :P :)
Wow!! I am going to enlarge this, print it on parchment and have everyone genuflect before it!
Mike: You're way too funny...you're hanging around Randy too much I think hahaha!
Sally, That would be the day. This post was just too funny. Thank you for bringing it back to the spot light.
Mana: You have anything to add? Seems there are no creative minds today hahaha!
Hi Sally,
Looks like you covered everything if I think of something to add, I'll be back. Can't believe I cannot think of anything to add.
Cynthia: That's okay...you know me when I write....a whole lot lol!
Not everyone in my area believes in any of these...that's the sad part.
Neal: Wow....just a few won't listen here... but yeah...that's sad.
Hi Sally, how about... Please do not call me from the car, all excited, because you entered a new construction development, against my direct orders, and "forgot" to tell them you are represented by an agent. And... Please do not expect me to be excited because after showing you 14 homes on a Saturday, you left me at the office and drove past a for sale by owner and went in and LOVE IT!!!.
Great post! Have a wonderful rest of the weekend.
WooHoo, I would see nothing wrong with printing this out and having your clients sign it. AND....make another list of things that you will do. That way you both would have a clear understanding of what's expected of each other. Then seal it with fairy blood:)
Sally, You made some excellent points---and told it in a wonderful way, I love that you added some humor to it. I sure would hang that up in my office!
Sally would it not be great if all buyers and sellers abided by this? From a Loan Officer stand point I particularly like number 12 "I will not purchase a new car or take our new credit cards" but I would change the take out new credit cards to MAX OUT credit cards :)
Sally Jo, HAHAHAHA- I needed that! Thank you.
If only we could really make our clients use this Code. Our lives could be so much easier, and our transactions could be so much smoother!
Print that out on the back of bookmarks and put them in Buyer and Seller packets!
I had a buyer violated number 12 a few years ago. He drove up with a new truck. My response was, "so you decided not to buy a home." The worst part is I warned him.
Great list...good laugh...wouldn't it be nice?
Bryant: As a Century 21 franchise we have a standard form to have buyer's and seller's sign in the beginning. (Buyer's Service Pledge and Seller's Service Pledge) so that part is taken care of. And are you teasing my fairy fetish? I'm going to do a post with my whole collection. hahaha.
Carole: Yup...having a laugh did me good. :) And apparently others too :)
George: I can hope and wish and dream all I like...funny thing though..human nature and the individual will determine what that person believes anyway :)
Auntie; You're too funny....then again...I got a laugh out of this many times hahaha
Lisa: It sure would. Then again...we wouldn't have the fun we do when we get all those curve balls and situations that happen right at the end of a transaction :)
Joan: You think? I wonder how many won't think it's funny :)
Randy: hahahaha...so you decided not to buy a home. Sometimes they just don't listen...then again...we know where their priorities lie don't we?
Jeff: Sure would!
don't wake me - I love this dream of buyers being kind - just let me dream a little more.... in all honesty most of my clients follow most of these rules :o)
Hey Thesa! Hahah...good one...poof! In actuality ....so do mine.... not always perfect but it works out. :)
Thanks for updating. Glad I could move you to repost it. Thanks for the mention.
You even got featured!
Howard: I think there are a few that we all can go back to and update...make better etc. I really enjoyed that and thanks for giving me a kick in the behind to start me up!
Oh Gosh I loved your Pledge of Allegiance! I guess like for you every one of those things has happened to me! They have expectations of us - one should be able to expect the same from the 'other' partner...very good......I wish we could include that in every presentation .......page 6 of every contract! cute ...maybe a wee bit of a 'fantasy'......grind
Sally- I just love this! You need to send this to NAR and tell them to implement this in a new buyer and seller code of ethics:) You deserve a gold star for this post! This is one of your best ever posts! I do love this. I can go to sleep now with a smile on my face thinking of you and this post:)
Sally - this is a wonderful list that I am going to print out - I think I will use it to gain ideas to format a list to show clients..................they should know what WE expect of THEM!
Liz: No fantasy really....if we have a good relationship with our clients there should be no problem...otherwise, the personality conflict arises and well...for me it's just the right way or the highway :)
Katerina: Oh, yeah...right....and pigs fly...lol! I think we all can pretty much agree that ethics is a wish we have for all to abide by....
B & B: That's an idea. We have a Century 21 Buyer/Seller Service Pledge... Maybe I can let them know at the same time :)