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You are here: Home | Buyers and Sellers Information | Why use a REALTOR®?

Code of Ethics and Standards of Practice

All REALTORS® must abide by NAR's Code of Ethics and Standards of Practice. The Code of Ethics and Standards of Practice outline duties that REALTORS® have to clients and customers, the public, and other REALTORS®. While the Code of Ethics establishes obligations that may be higher than those mandated by law, in any instance where the Code of Ethics and the law conflict, the obligations of the law must take precedence.

The Ocean County Board of REALTORS® utilizes several methods to assist members of the public in understanding and navigating through the NAR Code of Ethics process. An Ombudsman may be available to help you including working to informally solve minor issues.

Why Use A REALTOR?

why use realtorThe Ocean County Board of REALTORS® is a professional trade association of approximately 2,000 licensed real estate agents.

Our members abide by a strict code of ethics and have access to a wide variety of business services that are not available to non-REALTORS®. This gives them a competitive edge in the marketplace, enabling them to provide superior services to buyers and sellers of real property. 

Doing it Yourself may be a lot harder than you imagined! The mounds of paperwork, and setting your price just right can be a struggle. It can be quite frustrating to schedule showings,  that is IF the people show up. 2012 statistics showed that on average homes sold by a REALTOR brought almost 23% higher sales prices.

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How to Choose the Right REALTOR?

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All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR "®" logo on their business card or other marketing and sales literature. REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTOR® again.

 

 Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR®.

Like finding the right house, selecting a REALTOR® you can trust and comfortably work with is paramount. Just as you wouldn't be casual in the selection of your doctor or your attorney, you shouldn't take the selection of your REALTOR® lightly. Indeed, the best way to find such a professional is through recommendations from family and friends. Of course, you should interview several REALTORS® before you choose one.

You are here: Home | Buyers and Sellers Information | Why use a REALTOR®?