hb```B ea 60;8 pH16000Mev /s~i ej+g(l7[)` Information concerning latent material defects is not considered confidential information under this Code of Ethics. However, if the listing broker, when asked by the REALTOR, refuses to disclose the expiration date and nature of such listing, i.e., an exclusive right to sell, an exclusive agency, open listing, or other form of contractual agreement between the listing broker and the client, the REALTOR may contact the owner to secure such information and may discuss the terms upon which the REALTOR might take a future listing or, alternatively, may take a listing to become effective upon expiration of any existing exclusive listing. (Amended 1/04), REALTORS shall not solicit a listing which is currently listed exclusively with another broker. (Amended 1/04). goods purchased on credit over the past eight months. In the interpretation of this obligation, REALTORS can take no safer guide than that which has been handed down through the centuries, embodied in the Golden Rule, Whatsoever ye would that others should do to you, do ye even so to them., Accepting this standard as their own, REALTORS pledge to observe its spirit in all of their activities whether conducted personally, through associates or others, or via technological means, and to conduct their business in accordance with the tenets set forth below. of this property is nonexempt and is now in Kanaharas apartment. NumberofunitsSalespriceperunitVariablecostsperunitTotalfixedcostsTargerprofitCalculate:ContributionmarginperunitContributionmarginratioRequiredunitstoachievetargerprofitRequiredunitstobreakeveRequiredsalesdollarstobreakevenA870units$1,00060079,200268,000B25,000units$1006080,000920,000C2,800units$1608064,000160,000. Confidential information does NOT include, REALTORS are required by the Code of Ethics to present all offers. Conversely, a buyer has a duty to disclose facts critical to their ability to perform (i.e., timely close the transaction). Are you a top realtor? Board Certified Specialist in Real Estate Law. (Amended 1/96), The obligation to present a true picture in representations to the public includes information presented, provided, or displayed on REALTORS websites. When acting as listing brokers or as subagents, REALTORS shall not quote a price different from that agreed upon with the seller/landlord. B. (Adopted 1/05, Renumbered 1/06), REALTORS shall not print, display or circulate any statement or advertisement with respect to selling or renting of a property that indicates any preference, limitations or discrimination based on race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity. Besides mandatory federal disclosures, state law will dictate what needs to be disclosed in a particular area. Additional Facts That Must Be Disclosed to an Agent's PRINCIPAL Under agency law, an agent must disclose to the principal any information that may affect the principal's rights and interests or influence the principal's decision in the transaction. c. only clearly obvious and visible defects. If a realtor has knowledge of an event or stigma associated with the house, such as a death or illegal substances grown in the home, for example, they must disclose the information.
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