Kim Bass: Realtors And Ethics

Wednesday, January 9, 2019 - by Kim Bass, 2019 President, Greater Chattanooga Realtors

As I prepare to lead the Greater Chattanooga Realtors into 2019 as their elected President, I’ve been reflecting on what is means to lead. I believe that leading is listening. I call it “leaning in.” I’ve been leaning in to learn from my clients, my colleagues, and my community.

 

One topic I’ve been “leaning in” to is what sets us, as Realtors, apart from other real estate professionals.

 

Did you know that not all real estate professionals are Realtors? Yes, we both must be licensed in our state to participate in a real estate transactions, but there’s more.

Realtors operate under a strict Code of Ethics that imposes duties above and beyond those imposed by law which apply only to real estate professionals who choose to become Realtors.

 

Ethics and accountability matter when the public trusts us to handle something as financially significant as buying or selling real estate. In fact, The National Association of Realtors (NAR) released a study that shows the massive impact that home sales have on our economy. In Tennessee alone nearly $58,000 affect our economy from just a single home sale.

 

NAR adopted their Code of Ethics in 1913, and ensures consumers are served by requiring Realtors to cooperate with each other in furthering clients' best interests. Article 1 of our Code of Ethics states that “...when serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, Realtors remain obligated to treat all parties honestly.”

 

NAR believes so strongly in abiding by the Code of Ethics that they require each of the 1.3 million members (which is also the largest trade organization) to complete Code of Ethics Training every two years. If a Realtor fails to comply with this requirement, they risk suspension and termination of membership.

 

And, in the event that there is a complaint, there is a formal process to have these issues addressed. The Tennessee Real Estate Commission (TREC) registers and regulates all real estate brokers, affiliate brokers, and real estate firms, and also makes and enforces rules addressing the professional conduct and standards of practice for the profession.

 

So what does all of that mean to you?

 

That means that we, as realtors, are your trusted source for any information regarding real estate. We have multitude of resources to make sure we are well equipped to serve you and your family’s real estate needs.

 

We are experts in real estate locally and statewide, and the Greater Chattanooga Realtors are the voice of real estate in the greater Chattanooga area.

 


AGC Of East Tennessee Announces New Leadership, Industry Award Winners

Real Estate Transfers For March 7-13

Crye-Leike’s Chattanooga Region Rookie of the Year Award Recipients Announced


At its Annual Member Meeting, the Associated General Contractors of East Tennessee installed a new slate of board officers and directors to lead the 250-member organization trade association ... (click for more)

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding ... (click for more)

Realtor Chrissy Jones and The Next Gen team, consisting of Affiliate Brokers Sara Poteet and Maria Kissner, received the 2019 Crye-Leike Rookie Agent of the Year and Rookie Team of the Year awards ... (click for more)


Real Estate

AGC Of East Tennessee Announces New Leadership, Industry Award Winners

At its Annual Member Meeting, the Associated General Contractors of East Tennessee installed a new slate of board officers and directors to lead the 250-member organization trade association focused on construction. New officers include Chair Nic Cornelison (vice president with P&C Construction); Vice Chair Jason Medeiros (vice president with Pointe General Contractors); ... (click for more)

Real Estate Transfers For March 7-13

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) in ... (click for more)

Breaking News

Arrive Logistics To Expand In Chattanooga With 500 More Jobs, $3.6 Million Investment

Arrive Logistics officials announced Thursday that the company will expand its operations in Chattanooga. The logistics company will invest approximately $3.6 million into the region and create 500 new jobs in Hamilton County. Founded in 2014 and headquartered in Austin, Texas, Arrive Logistics is a technology-enabled, growth-focused freight brokerage who serves shipper and ... (click for more)

Chattanooga And St. George, Utah Announced As Finalists For 2021 IRONMAN 70.3 World Championship Triathlon

IRONMAN announced on Thursday that Chattanooga and St. George, Utah have been named finalists to host the 2021 IRONMAN 70.3 World Championship triathlon, which will rotate back to the United States of America after last playing host to the event in 2017. The 2021 IRONMAN 70.3 World Championship will be a two-day event, a format that was first adopted in 2017 when the event was held ... (click for more)

Opinion

Keep The Electoral College

In 1950 there were 12 urban areas in the United States that had one million or more citizens. In 2010, 41 had more than one million in population and this number is projected to grow to 53 by 2030 (Source: United Nations Department of Economic and Social Affairs, Population Division). And currently more than 85 percent of our population is clustered into cities. Of the ten most ... (click for more)

Thank You, Senator Alexander, For Protecting Our Health

The American Lung Association in Tennessee is grateful to Senator Alexander for opposing the U.S. Environmental Protection Agency’s proposal to weaken the Mercury and Air Toxics Standards. Mercury causes permanent damage to the brains of babies and unborn children, leading to developmental delays, learning disabilities and birth defects. Power plants also emit more than 80 other ... (click for more)