Real Estate Best Practices By Edwin Engelke
But many times you will often find that most people act in their own best interests and not that of the client. The real estate brokers and agents will often bend these practices, not necessarily breaking them and most clients agree that what they do is unacceptable. Such activities are; •
Re-listing a property to bring in some fresh interest and
•
Reset the days on the market
These are some activities that have brought in some contentions though not many people are conscious of it, only the players themselves. TAKING A PEEK BEHIND THE SCENES Often, in the real estate industry, professionals are divided between the lines of what is acceptable to what is close to being acceptable. The double ending, is one of the most common practices where the agents assume the role of representing both the buyer and the seller, some may agree that it is not wrong, but is it really right? When such practices are in question, this division occurs. Focusing on some individual components in the market in relation to the changing real estate industry, you will realize that most Realtors tend to take advantage of the situation and bend or break some practices.
JULY 2022 | 91
PHOTOS FROM 123RF
I
n every industry, there are some set guidelines, principles, and policies that the players are required to follow. Real estate is not an exception. There are some practices that realtors, buyers, sellers, and investors in every industry do which leave you perplexed but as it is the case, any practitioner in any field should uphold the honor and dignity of the profession. Nobody as a professional should engage in activities that would bring disrepute.
