Breach of duty
One of the most common complaints filed against real estate agents revolves around the concept of breach of duty. In this blog, we'll delve into what breach of duty entails, provide examples of actions that could lead to such breaches, and emphasize the potential legal ramifications agents may face.
What is unethical behavior of a Realtor?
Taking liberties with legal documents. Little white lies on legal paperwork can have devastating consequences. One example of unethical Realtor behavior is tweaking contracts to decrease the purchase price by allocating a portion of this price to personal property rather than a home.
What is an ethical violation in real estate?
Code of Ethics Violations. Common real estate ethics complaints can include: Not acting in the best interests of clients. Revealing private or confidential information. Advertising a listed property without disclosing their Realtor status.
What is the biggest problem in real estate?
- Inflation and Interest Rates.
- Geopolitical Risk.
- Hybrid Work.
- Supply Chain Disruption.
- Labor Shortage Strain.
- The Great Housing Imbalance.
- Regulatory Uncertainty.
What happens when a REALTOR makes a mistake?
If this happens you may have legal options available to you. Misrepresentation, dishonesty, or some other type of failure on the part of a real estate agent can be grounds for filing a small claims lawsuit. Other legal options include filing a complaint with the appropriate state licensing agency.
What real estate company is worth the most?
- Equity Residential (NYSE:EQR)
- AvalonBay Communities, Inc.
- Goodman Group (ASX:GMG)
- CBRE Group Inc (NYSE:CBRE)
- China Overseas Land & Investment Limited (HKG:0688)
- Alexandria Real Estate Equities, Inc.
- CoStar Group, Inc.
- SBA Communications Corporation (NASDAQ:SBAC)