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Tuesday, July 22, 2008

Seller Closing Agent for Own Property

Question: Is there any ethics violation for a seller to be the closing agent for their own property?

Answer: What you describe may not be an ethics violation per se, but multiple capacities assumed in a closing such as owner, agent, attorney, closer etc. raise possible ethics issues. Potential violations are conflicts of interest, misrepresentation and/or failure to disclose. I can only recommend that you use your best judgment in these situations, and in cases of doubt, do it some other way. Ethics questions often involve gray areas and can be subjective. Especially in areas of professional conduct, we are to avoid even the suggestion or appearance of impropriety.

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