With little to fear, brokers test ethical standards

Flickr photo by marttj

BROKER WARS: Tales from the Front

This is Part 2 of a my three-part series on broker ethics in New York City.

State law outlines a real estate agent’s fiduciary responsibilities to their clients, including obedience, loyalty, disclosure of information, confidentiality and accountability as well as reasonable care, skill and diligence.

Yet not one of the brokers in Part 1 of this series has complied with his or her obligation to serve the best interests of their clients.  They are not alone, and the widespread practice of ignoring the law’s strictures is deplorable and disgraceful.