Can You Hold An Open House For An Agent From Another Brokerage? - Ep 207
On this episode of the Real Estate Fight Club, Jennifer and Jim Camarata talk about “Can You Hold An Open House For An Agent From Another Brokerage?” Jim talks about the code of ethics violation and how it’s related to this question!
Tune in and find out!
Episode Highlights:
- Jim says that you are not allowed to hold open houses for an agent from another brokerage in the state of Minnesota
- It is part of the code of ethics. 12 dash 5 says “Realtors shall not advertise nor permit any person employed by or affiliated with them to advertise Real Estate Services or listed property in any medium without disclosing the name of that Realtors firm in a reasonable and readily apparent manner, either in the advertisement or any electronic advertising via a link to a display with all required disclosures.”
- It’s misleading to have agents of different brokerages show a house.
- Jennifer says it’s confusing because you can still advertise a listing from an agent from another brokerage, given that you give the right credits.
- She exclaims that it makes no sense to have this limitation of cooperation. If we can show another person's listings in multiple ways, how is the open house different?
- Jim simply says that it’s written in the law.
- The seven-step guide to doing an open house
3 Key Points:
- Jim says that you are not allowed to hold open houses for an agent from another brokerage in the state of Minnesota. It is part of the code of ethics.
- It’s misleading to have agents of different brokerages show a house.
- Realtors are not allowed to advertise real estate services or listed property in any medium without disclosing the name of the realtor's firm.
Tweetable Quotes:
- “What is going on who's eXp and who's Keller Williams, who really has this authority to hold his property open?” - Jim Camarata
- “It makes no sense to have this limitation of cooperation.” - Jennifer Murtland
Resources Mentioned:
- Jenn Murtland LinkedIn | Facebook | (513) 400-1691 | Website | Instagram
- https://jennifermurtland.com/Vault/
- Monica Weakley website | LinkedIn | Facebook
- Real Estate Fight Club Podcast Facebook page | Instagram | YouTube
- 7 step guide to holding an open house - Text 7 to 513-400-1691
- Jimcamarata@kw.com / Jim Camarata 612-562-7461 /
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