What is the best practice for a licensee who wants to sell their own property?

The ideal approach for a licensee wishing to sell their own property is to consult the office policy manual. This practice is vital because the manual outlines the specific procedures and guidelines established by the brokerage regarding personal transactions. Each brokerage has its own policies that may include required disclosures, ethical considerations, and the appropriate handling of potential conflicts of interest.

By referring to the office policy manual, the licensee ensures that they are complying with the brokerage's rules, state licensing regulations, and ethical standards, which helps protect both the seller's and buyer's interests. Additionally, adhering to established policies can safeguard the licensee from potential legal issues that may arise from improperly managing their own transaction.

Handling everything independently might lead to oversight of critical legal procedures or ethical obligations. Using a different brokerage could create unnecessary complications or conflicts, especially if the licensee is still affiliated with their original broker. Ignoring agency rules can lead to serious repercussions, including disciplinary actions from the licensing authority. Therefore, consulting the office policy manual is the most prudent and responsible course of action.