Agent-to-Agent, Client Law
The easiest way to avoid any litigation on the agent side or client side is to stay aware of laws, rules and changes. Managing brokers should be on the front line of changes and letting agents know about changes, but ultimately it’s the agent’s individual responsibility to be on top of the changes and learn the mechanics of the changes, so they don’t end up in front of either their association’s Grievance Committee or Professional Standards Committee – or a judge.
“It is always imperative that Realtors are abreast of ever-changing laws and policies governed by the Illinois Department of Financial and Professional Regulation, our regional MLS, Midwest Real Estate Data, the NAR Code of Ethics, and, never to be underestimated, industry best practices,” says Withrow. CA
Scott Lackie
Griffith, Grant & Lackie
Lake Forest
847.234.0485
slackie@gglrealty.com
Doug M
acArtney
Coldwell Banker Residential Brokerage
Downers Grove
630.207.7663
doug.macartney@cbexchange.com
David Schwalb
Schwalb Realty Group
Chicago
312.573.0770
david@schwalb.com
Amanda Withrow
Chicago Association of Realtors
Chicago
312.214.5501
awithrow@chicagorealtor.com
Nice article Amber, especially the discussion of complaint and grievance procedures. Even the most experienced agents need to keep up on the law so that they can best serve their clients.