In real estate, when a sales agent helps someone sell their house, they have to follow some important rules to make sure they do a good job. These rules are often remembered by the acronym “OLD CAR,” which stands for six key responsibilities:
Obedience means the agent has to follow the seller’s instructions. If the seller says, “Please show the house on Saturday,” the agent should do just that. It’s like following your teacher’s directions during a school project to make sure you’re doing what’s asked.
Loyalty means the agent must always work in the seller’s best interest. If the agent has a chance to make extra money by doing something that isn’t best for the seller, they should choose what helps the seller the most. It’s like being a loyal friend who supports you even if it means missing out on something fun.
Disclosure means the agent has to share important information about the house and the sale. For example, if the house has a leaky roof, the agent needs to tell the buyer. It’s lik…
