Understanding Realtor Code of Ethics: Soliciting Listings

Explanation:

The Code of Ethics and Standards of Practice of the National Association of Realtors: Under the Standard of Practice 16-4, Realtors are bound by ethical guidelines that prohibit them from soliciting listings that are already under an exclusive agreement with another broker. This rule is in place to maintain professionalism, integrity, and fair competition within the real estate industry.

Realtors must adhere to the Code of Ethics which forbids soliciting listings that are under an exclusive agreement with another broker. In the scenario where the listing broker does not disclose the expiration date or nature of the listing, the Realtor is still not allowed to solicit the listing.

By not soliciting listings that are exclusively listed with another broker, Realtors show respect for the professional relationships between sellers and listing brokers. This practice also helps to prevent unethical competition and maintain a high standard of conduct in the real estate market.