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STANDARDS OF BUSINESS PRACTICE
- Article 1.
The Member shall endeavour to be informed when a formed regarding the essential facts which affect current market conditions in order to be in a position to counsel his principal in a responsible manner.
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- Article 2.
In accepting the agency for any property the Member pledgeshimself to protect and not promote the interests of his client. This primary obligation does not relieve him of the responsibility of dealing fairly with all other parties to the transaction.
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- Article 3.
The Member has an obligation to discover pertaining to every property for which he accepts an agency which a reasonably prudent REALTOR would discover so that writing, he may fulfill his obligation to avoid error, misrepresentation, or concealment of pertinent facts.
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- Article 4.
The entering into an agency agreement imposes upon the Member the obligation of rendering a skilled and conscientious service; when a Member is unable to render such service either himself or with the aid of his fellow Members he shall not accept the agency.
- Article 5.
The Member shall present a true presentation in his advertising. Properties and services shall not be advertised without identifying the firm or where applicable the Member in accordance with the Provincial Real Estate Act.
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- Article 6.
The Member, for the protection of all parties with whom he transacts business, shall see that financial obligations and commitments regarding real estate transactions are in writing, expressing exact agreement of the parties; and that copies of such agreements, at the time they are executed, are placed in the hands of all parties to the agreement, and shall be dealt with in accordance with the instructions of parties involved.
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- Article 7.
- The Member shall not discourage parties to a transaction from seeking legal
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- Article 8.
The Member shall not knowingly permit any property in his charge to be used for unlawful purposes.
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- Article 9.
The Member shall, at the time of the transaction, and prior to the execution of an agreement, fully inform each party regarding the nature of expenses for which they may be normally liable.
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- Article 10.
The Member shall charge for his services such fees as are fair and reasonable, commensurate with the services rendered, and the obligations and responsibilities entrusted to him. At no time shall the Member accept compensation from more than one party to a transaction without the full knowledge and agreement of all parties to the transaction, obtained in writing.
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- Article 11.
The Member shall not acquire an interest in property either directly or indirectly for himself, or for any corporation in which he is a shareholder, director or officer, without making the true position as known to him known to the owner in writing; and in selling property owned by the Member, or in which he has interest, his interest as known to the Member shall be revealed to the purchaser in writing.
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- Article 12.
The Member should ensure written contractual relationships in all matters involving agency whenever possible in order to avoid misunderstanding and to assure better service to his clients.
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- Article 13.
When acting as agent, the Member shall not accept any commission, rebate or profit on expenditures made for an owner, without the owner's knowledge and consent.
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- Article 14.
In providing an opinion of value of real property a Member shall not undertake to provide such an opinion if it is outside his field of experience to do so, unless this fact is disclosed to the client or unless assistance is obtained from another person who has experience in this area. A Member shall not provide an opinion of value on a property in which he has a present or contemplated interest without first disclosing this fact to the client. Fees charged for providing an opinion of value shall not be based on the amount of value reported.
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- Article 15.
The Member shall not advertise a property including placing a sign thereon without the owner's authority, nor shall the price advertised, quoted or otherwise offered be other than that which was agreed upon with the owner.
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- Article 16.
All written offers shall be presented to the owner for his consideration as soon as possible after receipt in an effort to obtain the best possible result for the owner of the property.
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- Article 17.
The Member shall never publicly discredit a competitor. If his opinion is sought regarding the specific transaction it should be rendered with strict professional integrity and courtesy .
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- Article 18.
The agency of a Member who holds an exclusive listing shall be respected by all other Members, and negotiations concerning the property which is listed exclusively shall be carried on with the listing broker and not with the vendor, except with the consent of the listing broker.
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- Article 19.
A Member shall not seek information about a competitor's transaction to be used for the purpose of closing a transaction himself or for the purpose of interfering with any other contractual undertaking.
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- Article 20.
Signs giving notice of sale, rent, lease, development or exchange should not be placed on any property by more than one Member, unless authorized by the owner. Members shall not interfere with another real estate broker's sign.
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- Article 21.
The Member shall observe the By-Laws, Rules and Regulations established by his Real Estate Board and/or Association.
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- Article 22.
Should a Member be charged with unethical practice, or asked to assist the proper Committee in the resolution of a charge of unethical practice, he shall place all pertinent facts before the proper Committee of the Real Estate Board or Association of which he is a Member, for investigation or judgement.
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- Article 23.
The Member shall so conduct his business as to avoid controversies or disputes with his fellow Members; but in the event of a controversy or dispute between Members, such controversy or dispute shall be submitted for arbitration in accordance with regulations of their Real Estate Board and/or Association.
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- Article 24.
In the event that controversy or dispute should arise between Members of different Real Estate Boards, the controversy or dispute shall be submitted to arbitration in accordance with the By-Laws, Rules and Regulations of the appropriate Provincial Association. Should the Members belong to different Provincial Associations, the controversy or dispute shall be arbitrated in accordance with the By-Laws, Rules and Regulations of The Canadian Real Estate Association.
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- Article 25.
The Member shall conduct his business in strict accordance with the current terms and conditions of the Real Estate Act and Regulations of his Province.
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- Article 26.
The Member shall not deny professional services to any person for reasons of race, creed, colour, sex, marital status, age, or country of national origin. The Member shall not be party to any plan or agreement to discriminate against a person or persons on the bass of race, creed, color, sex, marital status, age, or country of national origin.
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- Servicing Whitby, Oshawa, Courtice, Bowmanville and Durham Region -
- just east of Toronto, Ontario, CANADA.
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- Liz Rankin - Associate Broker
- RE/MAX First Realty Ltd. (905) 686-3800
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