7.10 Listing Procedures
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The Company accepts listings and seeks to build an inventory of available merchandise for sale to buyers of homes and investment real estate. It offers the merchandise directly to the public and by cooperating with other licensed agents.
Listings not only represent "the merchandise on the shelf" but also present a significant area of risk. Statistically, at least two-thirds of all claims filed against real estate agents involve claims of misrepresentation, fraud, and/or breach of fiduciary duty. It is at the listing level that many of these claims originate. As a listing company, it is imperative that Associates of the Company adhere to all listing policies to reduce the risk of later claims from oversight and exposure at the time of listing. The following policies apply to all listings taken by the Company.
