The Real Estate 'Box': Guidelines You Need to Know

4 Jul 2024 · 1 min

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In this brief presentation, Leigh Thomas Brown explains that the "box" in real estate refers to the set of rules governing agents: the state real estate commission guidelines and, for members of the National Association of REALTORS®, the REALTOR® Code of Ethics. Within these constraints, agents—especially independent 1099 contractors—can exercise significant creativity by tailoring their services to their community, niche, and personal style. As long as they remain compliant with state regulatory bodies and the Code of Ethics, brokers can support and celebrate such innovative approaches.

Chapters

The box in real estate is the real estate commission guidelines wherever you live, whatever is governed by the general statutes, and it is the REALTOR® Code of Ethics if you are a member of the National Association of REALTORS®. That's your box. Now, you can do a ton inside that. You can be super creative. It's part of why we do love having agents that are 1099s, because you look at your community, you look at your sphere, your special niche in the marketplace, your personality, how you can serve people. And as long as you're inside the rules of your state regulatory body and the REALTOR® Code of Ethics, as your broker, we are so proud of you.