Ethical Concerns in the Real Estate Field
People move all the time. They may move for work reasons or to retire to a better climate. There are many laws involved in buying and selling a home, which is why many people hire a real estate associate to assist them.
Not anyone can sell real estate in Florida. Such a transaction requires a license through the Department of Business and Professional Regulation, Division of Real Estate. A person must also meet all the requirements of the Department on a regular basis, such as taking continuing education courses.
Given that hundreds of thousands or even millions of dollars can be at stake in a Florida real estate transaction, ethics is a huge concern. The goal of every real estate professional is to sell a home. Sometimes this can be challenging. So, in order to get it sold, it is not uncommon for salespeople to hide certain details, embellish the truth or outright lie altogether.
This is something clients need to be concerned about. Is your real estate professional acting ethically? Here are some things you need to look for when buying or selling a home.
Why is There a Lack of Integrity?
In any field, you will find someone acting immorally. However, ethical issues seem to be rampant in the real estate industry. Why? Because of the large sums of money involved. Real estate agents are all about the cash flow. Anything that affects it negatively is detrimental to their business.
In addition, the real estate industry is not regulated. Agents control all aspects of the field and they are happy with keeping things the way they are. They are not willing to make changes just because a few people complain.
Another thing to consider is that homeowners really don’t know a lot about selling a home. That’s why they leave this to the professionals. However, what they don’t know can hurt them. You may instill a lot of trust in your agent, but the truth is that real estate agents have been known to take advantage of clients. They charge clients for various things and lie to them about the process, costing them thousands of extra dollars in the end.
Real estate agents need to put their clients first. They need to be fair and honest at all times. When they act in an unethical manner, they can lose their license.
Keep Your License With Help From a Tampa Real Estate Sales Associate Licensing Lawyer
Large amounts of money are involved in the real estate field. Since a house is the largest purchase the average person will make in their lifetime, consumers depend on real estate associates to guide them through the process.
When real estate professionals act in an unethical manner, they can face license loss and other forms of disciplinary action. The Law Offices of David P. Rankin, P.A. can help you with your case. He has been the attorney for the Greater Tampa Realtors since 2012. David P. Rankin has spent 30 years helping real estate sales associates and other licensed professionals throughout the State of Florida battle administrative issues and keep their licenses. To learn about how he can help you, call his office today at (813) 968-6633 or fill out the online form.