Did you know
when an owner sign a listing agreement it is usually for a period of 6-12 months. The listing agreement explains what the real estate company will do to sell or lease the property. Most listing agreements go into great detail about who does what,when and how.
The same applies to a management agreement. The property management company lists the property and says they will manage the property. This means they will take care of everything from collecting the rent to handling repairs to evicting the tenant if needed. Generally, the property management company will also find a tenant to occupy the property.
When there is an agreement between the owner and a real estate agent whether it be a listing agreement or a management agreement the NAR code of ethics still applies.
As a realtor, If you solicit an owner and he/she has their property listed for sale or under management you are in violation of the code of ethics by soliciting them.
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