As a real estate agent, you might make the decision to take on a family member as a client. For instance, maybe your brother-in-law is looking to sell his home, and you’re open to lending your services. However, when any other parties become involved in this transaction, you should let them know about your relation to the client. This isn’t a legal obligation, although it is a requirement in The National Association of Realtors’® code of ethics. When a real estate agent’s client is a family member, this could be perceived as a conflict of interest. Hoping to learn more about the dos and don’ts of real estate ethics? Get in touch with us for guidance.
A real estate inspection or home inspection is not an appraisal or a check for compliance with building codes; it’s also not an evaluation of environmental hazards. See the NYS Standards of Practice for more information on the limitations of a home inspection.
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