If a licensee is aware that a seller is under an exclusive listing with another brokerage, what can they do?

A licensee must adhere to ethical standards and legal guidelines when dealing with clients and customers in real estate. If a licensee is aware that a seller is currently under an exclusive listing agreement with another brokerage, they are prohibited from contacting the seller to solicit their business. This restriction is in place to respect the seller's existing contractual obligations.

Contacting the seller directly would be considered an infringement on the exclusive rights granted to the original brokerage, which can lead to legal repercussions and potential disciplinary action from regulatory bodies. The licensee should wait until the exclusive listing period expires or until the seller contacts them expressing interest in their services. This maintains professional integrity and fosters a fair marketplace for real estate transactions.

Understanding these elements emphasizes the importance of following established regulations, which protect both consumers and professionals within the industry.