In such cases the complainant may name the first cooperating broker as respondent and arbitration may proceed without the listing broker being named as a respondent. (Amended 1/12), REALTORS shall not knowingly or recklessly file false or unfounded ethics complaints. REALTORS shall use reasonable efforts to ensure that information on their websites is current. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. (Amended 1/04), Article 16 does not preclude REALTORS from contacting the client of another broker for the purpose of offering to provide, or entering into a contract to provide, a different type of real estate service unrelated to the type of service currently being provided (e.g., property management as opposed to brokerage) or from offering the same type of service for property not subject to other brokers exclusive agreements. (Amended 1/14), Standard of Practice 3-2 does not preclude the listing broker and cooperating broker from entering into an agreement to change cooperative compensation. The duties imposed by the Code of Ethics encompass all real estate-related activities and transactions whether conducted in person, electronically, or through any other means. (Adopted 1/97), 5) Where a buyer or tenant representative is compensated by the seller or landlord, and not by the listing broker, and the listing broker, as a result, reduces the commission owed by the seller or landlord and, subsequent to such actions, claims to be the procuring cause of sale or lease. With these clear standards, any real estate agent can develop trust with members of their local community. d. no later than 24 hours after receipt. T F 8. Preamble Under all is the land. (Amended 1/98), REALTORS, acting as representatives or brokers of sellers/landlords or as subagents of listing brokers, shall disclose that relationship to buyers/tenants as soon as practicable and shall provide written confirmation of such disclosure to buyers/tenants not later than execution of any purchase or lease agreement. These themes include: According to the code's preamble, Realtors "pledge to observe [the code's] 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.".
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