Here are my Notes and Scribbles from the Southern Maryland Code of Ethics Class May 2011.
Proceed with Caution...Chuckle...my class notes are unedited, uncensored, and there's no spell check or grammar is in place.
HA! THAT'S WHAT MAKES THIS FUN!
I have been using my iPAD and Evernote in all my Continuing Ed and Google Academy and Mac Classes lately. This means my notes hit all my laptops at once from the get go. This also means I can reread them on the road or look up something I vaguely remember but need to big time remember
Here's an overview of what the class includes in May 2011. This class is required for a Maryland Real Estate Agent's License renewal.
Here you go! Oh, Command A then Command C then Command V on a Mac. No more Control stuff on a PC! I am catching on!
MD Code of Ethics Don Martin 51811
Title 9 Dept of Labor, Licensing and Regulation
Subtitle 11 Real Estate Commission Chapter 02 Code of Ethics
Sixteen MD Boards
Handout covers relations to Public, Client, Fellow Licensees
RELATIONS TO PUBLIC
Independent Contractor license may state Agent can sign off on listing. Double check.
Quick summary...stay informed on matters affecting real estate and fair market value...help protect public...know material facts...not discriminate...no false consideration...
Advertisement...Broker name...Broker contact...relay in writing financial commitments...individual signature not team signature required.
RELATIONS TO CLIENT
Protect and promote interest of the client.
Stay informed.
Full knowledge of all parties if compensation from more than one party.
What do you want me to do? Seller or Buyer makes decisions.
Disclosure requirement: Remember the five days if no receipt!
Disclose familial relationships
CMA Disclosure :
This analysis is not an appraisal. It is intended only for the purpose of assisting buyers or sellers or prospective buyers or sellers in deciding the listing, offering, or sale price of the intended property.
Disclose agent ownership. Ads only with authority at agreed price.
Submit all offers. Disclosure or Disclaimer provide up front or may be voidable.
Respect agent listing, Seller sign approval, Cooperation.
CODE OF ETHICS AND STANDARDS OF PRACTICE Handout
Effective Jan 1, 2011
QUICK NOTES FOR THE SEVENTEEN ARTICLES:
1. Protect and Promote Client's Interests...honesty
2. No misrepresentation.
3. Broker participation.
4. Reveal Realtor ownership
5. Disclose interest
6. Rebates etc. require disclosure.
7. Disclosure of multiple compensation parties.
8. Separate accounts
9. Agreements in writing...copies....
10. No discrimination
11. Range of expertise
12. Present true picture in your advertising and other public representations.
13. Not lawyers!
14. Cooperate in investigations and hearings.
15. No misleading or false representations.
16. Respect agency relationships.
17. Arbitration Procedures.
Also...
General mailings ok, expiration date calls ok, remember it is Buyer or Seller deciding not the agent.
Predatory Lending and illegal Flipping discussion.
Here's my Pot Luck Southern Maryland Photo of the Day!
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