Full Disclosure

The Charlotte Observer is reporting in this article that the NC Real Estate Commission has decided to wait on codifying rules on agent bonuses. I wouldn't think we need a rule which states I must be honest with my clients. But obviously we do. I'm certain the Commission will get to this in time. Until then, as ethics are not situational, I will always disclose when there is a bonus involved in a transaction.

Regulators back off real estate safeguards
Proposal would have forced agents to disclose in writing bonuses from builders
PETER ST. ONGE

N.C. regulators declined Wednesday to vote on a rule that would ensure homebuyers know more about their real estate agents' financial interests in selling a home.

The nine-member N.C. Real Estate commission voted to table a proposal requiring real estate agents to disclose in writing any bonuses and other extra incentives sellers are offering before a purchasing decision is made on a home.

The rules change was proposed in October after an Observer investigation on real estate bonuses. It was designed to let consumers know early in the homebuying process if their real estate agents had financial motivation in showing them a home.