The REALTORS®’ Code of Ethics was established in 1913 by the National Association of REALTORS®. It’s a set of rules that were established to raise the standards of professionalism and service in the real estate industry. The rules are divided into three areas: 1) a broker’s duties to his clients, 2) a broker’s duties to his fellow brokers and 3) a broker’s duties to the public. The current Code of Ethics contains seventeen articles.
Over its one hundred year history, the Code of Ethics has been amended and revised to keep up with the changing times. Local REALTOR® Associations are charged with enforcing the Code of Ethics and handing down punishment to those found to be in violation of one or more of the articles.
To keep REALTORS® up to date on the Code of Ethics, the National Association of REALTORS® requires all REALTORS® to take a training course on the subject every four years.
In recognition and appreciation of their obligations to clients, customers, the public, and each other, REALTORS® continuously strive to become and remain informed on issues affecting real estate and, as knowledgeable professionals, they willingly share the fruit of their experience and study with others.
Source: National Association of REALTORS®
More people are securing careers in real estate as the housing market shows signs of improving. Many REALTOR® Associations are reporting an increase in membership applications. The picture of just how many people are making the move into real estate is still unclear at this point.
The real estate industry lost a number of real estate professionals over the last four to five years, because there were not enough sales to support them. Many have remained in the business, but on a part time basis. They’ve been forced to take another job, just to make ends meet. As the market continues to improve, many of these folks will return to the business full time.
If you are considering a career in real estate or returning to the business, then check us out at www.TopofKnox.com.
Leading Real Estate Companies of the World® is a network of over 500 of the very best real estate firms that are located in over 40 countries. These firms have 4,000 offices with 120,000 sales associates. In 2012 these firms had sales of $272 billion dollars representing over one million transactions, which placed Leading Real Estate Companies of the World® #1 in sales volume in the United States.
Sales volume numbers for 2012 were as follows:
Leading Real Estate Companies of the World® – $272 billion
Coldwell Banker – $200 billion
Re/Max – $188 billion
Prudential – $126 billion
Keller Williams – $119 billion
Century 21 – $107 billion
Sotheby’s $53 billion
Real Living – $37 billion
ERA – $23 billion
Realty Executives – $17 billion
Better Homes & Gardens – $11 billion
Firms affiliated with Leading Real Estate Companies of the World® can offer sellers global exposure of their home in addition to strong marketing expertise at the local level. Leading Real Estate Companies of the World® has the resources to market your property to the highest possible number of potential buyers. With 120,000 talented associates around the world, they expose your property to buyers on six continents ensuring more eyes are on your property. In addition they receive inbound clients from other affiliates around the globe who are interested in purchasing a home.
If you are looking for the best real estate firm to sell your home, then you need to consider a firm that’s affiliated with Leading Real Estate Companies of the World®.
Source: Leading Real Estate Companies of the World®
An agent that recently joined Ferguson Realtors had this to say:
“I knew it was time for a change and took a chance on a company that was not a franchise. The Ferguson Company has been hands down the most supportive company I have experienced. The broker and staff are always available to answer questions, and I receive numerous qualified leads.”
Note: Ferguson Realtors has been an invited member of the Network and Leading Real Estate Companies of the World® for over 40 years.
Check us out at www.TopofKnox.com.
When selling your home you need to highlight its strengths and focus on its features. Here’s a list of places to start:
1. Make a lasting first impression – Curb appeal is extremely important. Make sure your lawn and shrubbery are neatly trimmed. The front door should be clean and dust free. If it needs a fresh coat of paint, then paint it.
2. Don’t hesitate to decorate – Faded walls and worn woodwork won’t sell your home. A small investment in paint will do wonders.
3. Let the sun shine in – Open drapes and curtains. Clean the windows. Home buyers are drawn to bright, cheery interiors.
4. Bathrooms are big sellers – Make bathrooms shine. Clean the sinks and toilets thoroughly. Re-caulk vanity tops and tile as needed. Make sure that you are displaying fresh neatly folded towels.
5. Wake up your bedrooms – Remove excess furniture. Use colorful sheets and bed spreads. Open the drapes and let the light in.
6. Pay close attention to the details – Loose door knobs, sticking drawers, wobbly hinges and stuck windows can all cost you the sale.
7. Call the plumber – Have those leaky faucets fixed. Make sure the drains are running free and clear. Clean those rust stains from the tub and bowls.
8. Buyers love big closets – They look even bigger when they are clean, neat and well organized. Remove as much as possible. Either give it away or place it in storage.
9. Lighten up – By day let the sun shine in. By night turn on all lighting in advance of showings. Make sure that you replace any bulbs that are not working. Add accent lighting to wall hangings, fireplaces and other unique features of the home.
10. Leave it to the professionals – Let your REALTOR® handle the showings and negotiations. They’ve been carefully trained and will look out for your best interest.
As one works each day in real estate, every day is a new day. Boredom is not an option and meeting new people is a must. In addition, real estate agents gain invaluable skills such as marketing, sales, operations, negotiations and networking. Most real estate agents operate as independent contractors, which mean they decide their own business model and set their own schedule.
Working at a local real estate firm adds value to the community by helping fellow residents and new neighbors realize their dream of home ownership. Not only can it be personally rewarding, but practicing real estate is also a great way to network and meet new people in the community.
If you think that you might be interested in a real estate career, go to www.TopOfKnox.com to find out more.
Buying real estate is complex, and it’s important for you to select an agent who is competent, honest and knowledgeable, and will represent your best interests throughout the entire process of either buying or selling a property.
Here are some key areas to look for when selecting an agent:
Ideally you want an agent who works in the business on a full time basis, and closes at least five to ten sales per year. The more closings an agent has under their belt, the better prepared they will be to help you through the many twists and turns of a real estate transaction.
Time to work with you
You want an agent that will spend the time with you that will be needed. If an agent seems too busy, maybe you should look for one that’s less busy.
Generally you will be better served if you pick an agent that has sold a number of properties within your neighborhood. They will be most familiar with the property values and issues unique to your neighborhood. Additionally they will often have a pool of prospective buyers that are interested in the area.
Help you protect yourself
You want to pick an agent that will help you to make smart decisions. This agent should be well-versed enough to advise you on a number of issues, such as, financing, negotiations, inspections, closing and etc.
Someone you feel comfortable with
The working relationship between you and your agent will be one that will usually last several months from beginning to end, so make sure you feel comfortable with who you choose.
Are you considering a career in real estate or a firm change?
If so; visit www.TopofKnox.com to learn more.