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.
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