10.46 Providing Competent Services

Company policy is to only claim to be competent in services the Associate has experience with (in almost all cases Associates should claim only Residential Brokerage). Unless otherwise authorized by the Broker in writing, Associates should never claim to be competent in all areas of real estate practice or areas in which they have no experience.

The REALTOR® Code of Ethics recognizes these separate areas of real estate practice:

• Residential Brokerage

• Commercial and Industrial Brokerage

• Real Property Management

• Real Estate Appraisal

• Real Estate Counseling

• Real Estate Syndication

• Real Estate Auction

• International Real Estate

For example, if a licensee who only deals in residential real estate has a client who wants to list a major apartment complex and asks the licensee to list the property, the licensee should engage the services of a licensee who specializes in commercial real estate. The commercial licensee, along with the residential licensee and the seller, should enter an agreement as to how the property can be marketed in the best interest of the seller.