Ethics Guy®: Can a property or listing be discredited?
I’m pretty sure we all feel the same when someone says something uncomplimentary about someone else. Words matter. In private life, your words can cost you a friend. In professional life, they can cost you a valued business relationship with a side order of damage to your reputation and exposure to a Board complaint.
We know this, and most of us have learned to resist the impulse to spout off about a colleague and/or what they just did (or what we think they just did).
Recently, I had a conversation about the limits of this principle. Would a member be crossing the line if they said something uncomplimentary about another member’s listing? It’s an interesting question. Our relevant rules focus mostly on what one member says about other members. But in the case of commenting on a listing, the context needs to be considered.
Was the member responding to their client’s question by giving an opinion about another member’s listing? Or were they just being generally chippy about someone else’s listing, not caring about the consequences of what they said? It’s worth remembering Rule 6.08(b): “A Member shall not injure falsely or maliciously, directly or indirectly, the reputation, prospects or business of another Member.”
Express a professional opinion, by all means about other relevant properties to your clients. The market knowledge you have is valuable, and your clients want to know what you think. But maybe you’re in competition with another member’s listing for buyers. That’s not something we’ve had to think about much over the past years, given there’ve been dozens of buyers for every listing. But in the months to come, you may encounter situations where, for example, you and a colleague have similar properties listed in the same neighbourhood, and there is only one buyer looking. In this case, one of you isn’t going to get your property sold. What would you say to ensure you aren’t the one on the losing side?
This isn’t an arithmetic question, with the answer being indisputable. So how about this? Remember your client’s interests and put your listing’s best foot forward. If it compares favourably with the competition, say so and give examples to present your case. Avoid negative comments about another colleague’s listing. We’re all judged by what we say and do. Stick to the facts, express an opinion, sell what you have, and call it a day.