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What Are Duties of a Real Estate Agent?

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Posted 5th May 2013 at 12:48 AM by deangraziosi

As a real estate, there are certain duties and obligations that you have to fulfill. Some of your duties are towards your clients (buyers and sellers). Other duties, and we bet this the major part, lies with the state you belong. It is therefore duty of a real estate agent to understand all of the duties before starting practice.

According to Dean Graziosi, any estate agent, who failed to comply with his duties will be answerable to the court of law. On the other hand, your client will ask you do every possible thing that can benefit the deal. In such situation, an agent make sure that all his actions are legal, nothing is illegal and out of law. According to Dean Graziosi, there are state as well as federal laws governing real estate agents. It is better to have a look on the laws than to fall prey to illegal actions.

Dean Graziosi is a realtor with above 20 years of experience. In his real estate career, he has acted as a buyer, seller as well as a real estate agent. Dean started his real estate career from the age of 18. Gradually and with extreme hard work, he took his career to new heights. And now after 20 years, Dean is a bestselling author, a real estate millionaire, a successful entrepreneur and a true mentor.

What Governs Duties of a Real Estate Agent?

Following federal and state entities govern duties of a real estate agent.
  • Federal Fair Housing Act
  • State Real Estate Laws
  • National Association of Realtors Code of Ethics
  • Employing Broker's Guidelines
Duties under Federal Housing Act:

Perhaps, this is most important lawsuit governing duties of a real estate agent. This legislative was established with Civil Rights Act of 1978 and was later amended and modified by Fair Housing Amendments Acts of 1988. This act protects seven classes:
  1. Race
  2. Color
  3. Religion
  4. National Origin
  5. Sex
  6. Handicap
  7. Familial Status
At that time, it came as a shock for many who took real estate business for granted. The legislative bordered dos and don'ts of real estate. There were restrictions on choosing a particular community neighborhood, nationality etc. Some of the salient features are given below:
  • The real estate agent cannot and shall not answer demands that are against the law.
  • The real estate agent cannot locate or advertise places in a particular community.
  • The agent cannot locate or provide properties based on religious beliefs, i.e. near a church, near a mosque etc.
  • The agent cannot even advertise that his listings are based on a particular area.
  • An agent shall not answer questions of the clients related to ethnic composition of a neighborhood.
  • Agent shall not answer the querries or show the properties advertising ethnic neighborhoods, i.e. most of the Asians live here, this area is for Latin Americans etc.
  • Agent should refuse the buyer or seller insisting to find a client or property of same ethnicity, nationality or religion.
  • Agent shall not advertise properties or provide properties on the bases of sex.
What Words to Use in Your Listings:
Use of discriminated words is highly restricted. Following is a given a list of the words that if used in the ads can violate Fair Housing Law.
  • Sports Minded
  • Bachelor apartment
  • Professional
  • Mother-in-law quarters
  • Couples only
  • For Adult
  • Ideal for Senior citizens
  • African Americans
  • Section 8
  • Handicapped
  • No children
  • Children welcome
When asked about a neighborhood with school in the vicinity, you must make it clear to the client that not all of the neighborhood schools will allow their kids. Apparently, such kind of requests might come in to the category of violation of fair housing law.

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