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Realtors® Code of Ethics
We promise to adhere to every precept of the REALTORS® Code of Ethics
which translates to knowledgeable effective service to each and every client.
CODE OF ETHICS and STANDARDS OF PRACTICE of the NATIONAL
ASSOCIATION OF REALTORS®
PREAMBLE…
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. The REALTORS® free institutions and of our civilization. The
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 healthful environment.
Such interests impose obligations beyond those of ordinary commerce. They impose
grave social responsibility and a patriotic duty to which REALTORS® should
dedicate themselves, and for which they should be diligent in preparing
themselves. REALTORS® therefore, are zealous to maintain and improve the
standards of their calling and share with their fellow REALTORS® a common
responsibility for its integrity and honor. The term REALTOR® has come to
connote competency, fairness, and high integrity resulting from adherence to a
lofty ideal of moral conduct in business relations. No inducement of profit and
no instruction from clients can every justify departure from this ideal.
In the interpretation of this obligation, REALTORS® can take no safer guide than
that which has been handed down through the centuries, embodied in the Golden
Rule, "Whatsoever ye would that others should do to you, do ye even so to them."
Accepting this standard as their own, REALTORS® pledge to observe its spirit in
all of their activities and to conduct their business in accordance with the
tenets set forth:
BASIC PRINCIPLES OF CODE OF ETHICS
1. Be informed and contribute responsibly to public affairs.
2. Be informed to advise your clients properly.
3. Eliminate practices that damage or discredit the profession.
4. Urge the exclusive listing of property
5. Share your experience and expertise with other REALTORS®.
6. Seek no unfair advantage of other REALTORS®.
7. Protect your client’s interests but be fair to all parties.
8. Accept compensation form only one party unless disclosed to all
parties.
9. Avoid exaggeration, misrepresentation, and concealment of pertinent
facts.
10. Provide equal service to all clients and customers.
11. Provide competent service in your field of endeavor.
12. Disclose present or contemplated interest in any property to all parties.
13. When buying or selling, make your position or interest known.
14. Arbitrate disputes with other REALTORS®.
15. Participate in enforcement of the Code.
16. Avoid side deals without your client’s consent.
17. Avoid the unauthorized practice of law.
18. Place entrusted funds in a special account.
19. Present a true picture in your advertising.
20. Ensure that transactional details are in writing.
21. Respect the agency of other REALTORS®.
22. Cooperate with other real estate professionals to promote your client’s
interests.
23. Refrain from public disparagement.
For the
full text of REALTORS® Code of Ethics click here.
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