The following Best Practices have been established by the Portland Metropolitan Association of Realtors® as aspirational goals for its members. They are intended only as suggested ideals of courtesy and professionalism to strive for in the course of a member’s business activity. Best Practices are not intended to serve as licensing or ethical standards, which are already well-established under Oregon laws and the National Association of Realtors® Code of Ethics. While PMAR strongly encourages every brokerage to subscribe to Best Practices, it is an individual brokerage decision and is not regulated by PMAR.
In order to distinguish between the roles of the Realtors®, we have simply identified them as “agent” and “manager”. This should alleviate any confusion over whether a “broker” is a “principal broker”, and whether a “principal broker” is a manager or a broker supervising their assistants.  It is not intended that these Best Practices establish a legal standard of care.
It is recommended that Listing Agents acting as Disclosed. Limited Agents in a multiple offer situation will disclose that fact, with the permission of their seller, to all cooperating agents.
Agents will endeavor to obtain their client’s written response to all offers/counter offers and deliver that response to the cooperating agent.
Questions? Contact PMAR Professional Standards Administrator Diana Colin at 503-459-2156.