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      Blog :: 11-2008

      The Code of Ethics Adds to Our Professionalism

      Real Estate once upon a time was unregulated and a pretty casual business.  Hand shakes and meaning well greased the wheels and properties changed hands with little regard for accurate documentation.  Like everything else all that has changed and we professional Realtors have a CODE OF ETHICS that was first published in 1913. 

       Here is an excerpt from the Preamble to the Code of Ethics:

      "UNDER ALL IS THE LAND.  Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization.  Realtors should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership.  They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a beautiful environment."

       It makes us proud to be Realtors®

      The National Code of Ethics for Realtors provides many great benefits.  Mainly it encourages full disclosure from the Realtor of any and all important information including defects of the property that are known.  This helps everyone feel comfortable that the person selling the property is telling the person buying the property everything they know.  The Code of Ethics also helps define the roles of real estate agents.  In the first place, the selling agent represents the property owner and has a permanent responsibility to keep confidential information confidential even after the sale of the property.  Likewise, the buyers' agent is responsible for the confidentiality of what is shared by their clients, too.  So, it is a good idea to tell us everything you can that will help us help you!

       Confidentiality is just one of the important aspects of the Code of Ethics.  Other areas include the obligation of Realtors to present a true picture in representations of any property and accuracy and integrity in all communication with our clients and fellow real estate agents.

       We at Lomenzo Properties are dedicated to the principles of the Code of Ethics and Standards of Practice established by the National Association of Realtors and to the clients and profession of real estate that it helps protect.

      Peter

       

      Good economic news - At least for Cape Cod Scallops!

      http://walkaboutwanderer.blogspot.com/2005/08/scallop-shells.html

      Good local news arrived this morning in the form of an article in the Cape Cod Times pertaining to the  lowly scallop.  Yes, that's right.  In a time of dire economic news, we were pleased to hear that a recent survey has found a high number of seed scallops off our coastal waters, which bodes well for better harvests in the years to come.  (Not very newsworthy you may say?  We will take our good news where we can get it!)

      And who knew that small-seed scallops are actually known as "recruits"?!  And their younger versions, as "pre-recruits"!  The number of scallop recruits, says the article, is up for the first time in about ten years and is the highest it's been since 2000.  The reason is being attributed to environmental  factors (what, no global warming??) and is also a cyclical phenomenon.  It is predicted that it will take 3-5 years for the young scallops to grown to harvesting size.  So 2011- 2015 look to be boon years for scallop lovers!

      While we are on the topic, do you pronounce it "Scallop" as in "gallop" or "Scallop" as in "trollop"?  Weigh in on that subject, please!

      Elaine

      Historically Speaking: Energy Conservation

      Winter reared its proverbial head this morning with the first frost of the season.  We knew it was coming but we are never quite ready.  Now the concerns of high oil prices and energy costs becomes a vital concern for homes in the Historic District.  Many are asking about solar panels as a major cost reduction and they can be provided they meet the requirements of historic appropriateness and not appear on the front roof of the house.  If they can only be mounted on the front elevation, there are some unique ways to camouflage the design with solar panels imbedded in the shingles or with a shed dormer that is hollowed to make room for the solar panels. 

      The Historic Act also encourages the use of vinyl and replacement windows.  Windows are a major source of heat loss and provide a huge opportunity for cost savings. The thermal pane/double glass type windows in wood or vinyl are encouraged and in many cases can be approved as an Exemption.

      Weather-stripping and other forms of storm windows are used throughout the Historic District, as well.

      The Historic Act encourages conservation of all resources and the use of modern materials that help conserve energy and protect our environment. Stay warm.
       
       

       

       

      Peter

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