Signage

Here is another email that I just received this week, along with my reply:

Russ,

I recently noticed a sign on a property in my market area that is for a company that is no longer in business. The property is in MLS with the agents that now belong to another company.What's going on with that?


This is another interesting item. Once a company goes out of business, the listing agreement for that property "dies" as well. If the same agents are marketing the property, they should have changed the signage along with getting the new listing agreement. (The listing agreement belonged to the brokerage, not the agents).

Article 12 of the Code of Ethics deals with portraying a "true picture" in advertising, marketing, etc., which this signage is NOT doing.

In addition, I don't know why you would want your name associated with the old company, along with the old phone numbers!