All posts by Philip Ford

Real Estate Career Opportunity

Ferguson Realtors is looking to add to its current staff of real estate agents. We offer training and mentoring, plus company generated referral business. In addition; our firm is a longtime member of Leading Real Estate Companies of the World®  which connects us with over 500 premier real estate firms around the World.

Check us out at www.TopofKnox.com; or better yet, give us a call at (800) 747-0713 to schedule a confidential interview.

 

REALTORS® Code of Ethics

The REALTORS®’ Code of Ethics was established in 1913 by the National Association of REALTORS®. It’s a set of rules that were established to raise the standards of professionalism and service in the real estate industry. The rules are divided into three areas: 1) a broker’s duties to his clients, 2) a broker’s duties to his fellow brokers and 3) a broker’s duties to the public. The current Code of Ethics contains seventeen articles.

Over its one hundred year history, the Code of Ethics has been amended and revised to keep up with the changing times. Local REALTOR® Associations are charged with enforcing the Code of Ethics and handing down punishment to those found to be in violation of one or more of the articles.

To keep REALTORS® up to date on the Code of Ethics, the National Association of REALTORS® requires all REALTORS® to take a training course on the subject every four years.

In recognition and appreciation of their obligations to clients, customers, the public, and each other, REALTORS® continuously strive to become and remain informed on issues affecting real estate and, as knowledgeable professionals, they willingly share the fruit of their experience and study with others.

Source: National Association of REALTORS®

How Do FSBO’s Stack Up?

Here are the results of how For Sale By Owners (FSBO’s) compared to sellers who were assisted by a real estate agent:

88% – Sellers who used a real estate agent
12% – FSBO sellers & others

$230,000 – The sale price for a typical agent-assisted home
$184,000 – The FSBO sale price for a typical home

Source: 2013 National Association of REALTORS® Profile of Home Buyers and Sellers

New Home Features

According to the U.S. Commerce Department 569,000 new single-family homes were completed in 2013. The average size was 2,598 square feet. Most had at least a two car garage and central air conditioning.

Here are some of the more common features:
91% – Air conditioning
61% – Heating system powered by gas
59% – Forced air furnace
53% – 2+ stories
44% – 4+ bedrooms
33% – 3+ bedrooms
29% – Full or partial basement