David Saks: Discipline : No Whips & Chains Here, Sorry

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Discipline : No Whips & Chains Here, Sorry

                                        discipline

We're not talking about whips and chains here, although I know some of you might be disappointed.

                                           :-)

Discipline is serious business for any brokerage.

Violation of the code of ethics can result in some bad news including damage to the companies reputation, the destruction of the well-earned confidence of it's customers and clients, it's credibility and the image of the company.

Heavy fines, penalties, and worst of all, prison sentences can round out the flogging. Needless to say, the operation of the company would be disabled, possibly beyond measure, which could result in it's collapse.

These are the reasons why every real estate company needs to insure that it's agents and employees will not impose irreverances on it's good name.

We must all recognize that it is in the best interest of each of us, as well as our companies, to follow our code of ethics.

What are some of the ways we discipline our colleagues who've crossed the line?

Do we resort to probation, suspensions, reduction in pay, demotion, reprimand, or do we just fire them?

Our Code of Ethics is very important.

Take time to study them.

What are your thoughts?

Many thanks to all.




David Saks



Time&Temp Memphis

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Comment balloon 10 commentsDavid Saks • April 27 2008 12:05AM

Comments

I wish all Realtors would read the code of ethics and abide by them! So many do not
Posted by Jean Powers, CRS,e-PRO,HAFA,SFR Broker, Northern California (Kane & Associates call 510.908.9002) over 11 years ago

Hand them their license and wish them well.  In today's market no brokerage can afford to have even one agent with questionable ethics.  Of course I know that it's a tough decision because most of us really want to find the best in others but if you KNOW that have violated an ethical code it's best to part ways!

All the Best!

Posted by Kathy Fisher Sells Lexington TN homes! 731.845.3413 (Five Star Real Estate Services) over 11 years ago
I see rampamt dishonesty in the industry-even among long time agents.  It is sad.  I think if more agents would report violations to their State Board, that would help.
Posted by Pam Pugmire, Meridian Idaho Real Estate (Silvercreek Realty Group) over 11 years ago
Oh, I hope this is not read much! I do hit the correction button in the MLS. If an agent tells me that the property can't be shown for 30 days...hit the button. Likewise for 4 days. The MLS says there is a 3-day rule. Fine. TOM. Then BOM. Have to do it. Listings on Realtor.com indicate that properties can be shown. If not, TOM.
Posted by Vickie Nagy, Vickie Jean the Palm Springs Condo Queen (Coldwell Banker Residential Real Estate) over 11 years ago

Termination of the independent contractor relationship with my firm is the only "choice" for me personally. If an agent behaves unethically, I do not wish my name to be associated with theirs......

Goodwill, like a good name, is created by many acts and lost by one....

Posted by Julie Chapman, New Homes Sales Lakeland Florida (DR Horton ) over 11 years ago
Me too, Jean.
Posted by David Saks ((retired)) over 11 years ago
Agreed, Kathy.
Posted by David Saks ((retired)) over 11 years ago
Vigilance is is good for all, Pam. It attempts to insure the integrity of the profession.
Posted by David Saks ((retired)) over 11 years ago
Sounds like there might be some cyber-posting conflicts, Vicki.
Posted by David Saks ((retired)) over 11 years ago
Agreed, Julie.
Posted by David Saks ((retired)) over 11 years ago

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