Another day - another question. By the way, my thanks to those who have contacted me off line to discuss this and I look for / hope for a lot more communication and thoughts in this regard.
In any event, let's go on to Part 2 of the Ethical considerations, that is the role of, the moral duty of and humanity of the broker [or realtor or real estate sales executive or whatever is the politically correct term]. We are not now discussing the legal aspects of that duty but duty tied to morality and good business and honor and principle.
Let's suppose you had a client. The client had not just one, but a few properties to be sold. You clearly should represent him to the best of your ability. How far should that take you? Do you just intervene on thier behalf? Do you take those on the other side of the table on 'wild goose chases' for the benefit of your client? Do you tell them that you believe "X" when in fact you believe "Y"? What if you actually know "X" to be false and misleading and that "Y" is really the case? How large a fee, a payment would you need to get in order to take such actions?
As the party who thinks that they have been treated wrongly, do you just lick your wounds and move on? Sue the other party? Sue the broker? What about the regulators? And how might you responses change if you know that you will end up doing business with these people at some time in the future? When does ethics fall victim to 'good business sense' or is the best of 'good business sense' simply being guided 100% of the time by high ethics?
As I said earlier, these are questions in theory thus far. No accusations at this point; no law suits; no tossing down the gauntlet - YET!
Comment to me here or directly via e-mail at Mitch.Greenstein@GMail.com
Peace Out
Mitch
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