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.

 


Kristen Hardy Earns CNHS And RCC Designations

Jasper Highlands Establishes Wellness Center, Restaurant And General Store

The Crabtree On Williams Street Sells For $2,270,000


The Paula McDaniel Group announced that Kristen Hardy has completed the real estate industry’s most comprehensive new home sales course to earn her national certifications as a Certified New ... (click for more)

Jasper Highlands, a mountain community on the Cumberland Plateau, is constructing a 4,300-square foot wellness center, restaurant and general store. The complex, which will be known as The Village, ... (click for more)

The Crabtree, an historic three-story brick building on Williams Street on the Southside, has been sold for $2,270,000. The sale was to 1426 Williams Gp from Strada Development Co Llc. ... (click for more)


Real Estate

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The Paula McDaniel Group announced that Kristen Hardy has completed the real estate industry’s most comprehensive new home sales course to earn her national certifications as a Certified New Home Specialist as well as a Residential Construction Certified professional. With these certifications, she joins a group dedicated to providing the highest level of professionalism and service ... (click for more)

Jasper Highlands Establishes Wellness Center, Restaurant And General Store

Jasper Highlands, a mountain community on the Cumberland Plateau, is constructing a 4,300-square foot wellness center, restaurant and general store. The complex, which will be known as The Village, will be open to the public and located atop Jasper Mountain just before the gates to the community. “The Village will expand our exceptional amenities for residents, while providing ... (click for more)

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