Standard of Practice 1-2The duties imposed by the Code of Ethics encompass all real estate-related activities and transactions whether conducted in person, electronically, or through any other means.The duties the Code of Ethics imposes are applicable whether REALTORS® are acting as agents or in legally recognized non-agency capacities except that any duty imposed exclusively on agents by law or regulation shall not be imposed by this Code of Ethics on REALTORS® acting in non-agency capacities.As used in this Code of Ethics, “client” means the person(s) or entity(ies) with whom a REALTOR® or a REALTOR®’s firm has an agency or legally recognized non-agency relationship; “customer” means a party to a real estate transaction who receives information, services, or benefits but has no contractual relationship with the REALTOR® or the REALTOR®’s firm; “prospect” means a purchaser, seller, tenant, or landlord who is not subject to a representation relationship with the REALTOR® or REALTOR®’s firm; “agent” means a real estate licensee (including brokers and sales associates) acting in an agency relationship as defined by state law or regulation; and “broker” means a real estate licensee (including brokers and sales associates) acting as an agent or in a legally recognized non-agency capacity.

There are numerous variables to take into account in this scenario.

The property will perform as a medium term rental if short term regulations expand to the area.

Control risks by getting insurance, inspecting the property, and being aware of the local regulations pertaining to landlord-tenant.7.

Lender options vary by state due to state regulations- these type of programs are available in many states.

Furthermore, when putting in offers on houses, having numerous prequalification letters might give you more negotiation leverage.

Long-time podcast listener, first time to post here. I came across this article about the recent Salt Lake City Council budget amendment that includes money for the city to monitor STRs via some type of software. As a...

When considering the purchase of a property with existing fire damage, there are several important factors and protocols to keep in mind:Assessing the Damage: Conduct a thorough assessment of the fire damage, ideally with the help of professionals, to understand the extent and impact on the structure and systems of the propertyRepair Protocols: Follow local building codes and regulations for fire damage repair.

This transition allowed me to shift focus from managing numerous high-liability rentals to more strategic, high-value investments with limited liability.

I skip numerous episodes anymore as I don't gain much useful, real life, tactual knowledge.