The 100th Anniversary of the Code Of Ethics
National Association of Realtors
Most people are not aware of the standards that Realtors pledge to abide by. In 1913 the National Association of Realtors adopted the Code of Ethics. High standards are set and taken very seriously by those of us that voluntarily agree to pledge to abide by the code. This is the 100th anniversary of the Code of Ethics. In order to assist in the understanding of the principles of the Code of Ethics the National Association of Realtors created the following over view of the seventeen articles. This is an overview, it is not the Code. If you would like a full copy of the Code of Ethics I would be happy to supply that. I hope this gives you a better understanding of the Code and appreciation of the professionalism and commitment it takes to be a Realt0r.
Duties to Clients and Customers
Article 1- REALTORS® protect and promote their clients’ interests while treating all parties honestly.
Article 2- REALTORS® refrain from exaggeration, misrepresentation, or concealment of pertinent facts related to property or transactions
Article 3- REALTORS® cooperate with other real estate professionals to advance their clients’ best interests
Article 4- When buying or selling on their own account or for their families or firms, REALTORS® make their true position or interest known.
Article 5- REALTORS® do not provide professional services where they have any present or contemplated interest in property without disclosing that interest to all affected parties
Article 6- REALTORS® disclose any fee or financial benefit they may receive from recommending related real estate products or services
Article 7- REALTORS® receive compensation from only one party, except where they make full disclosure and receive informed consent from their client
Article 8- REALTORS® keep entrusted funds of clients and customers in a separate escrow account.
Article 9- REALTORS® make sure that contract details are spelled out in writing and that parties receive copies
Duties to the Public
Article 10- REALTORS® give equal professional service to all clients and customers irrespective of race, color, religion, sex, handicap, familial status, or national origin
Article 11- REALTORS® are knowledgeable and competent in the fields of practice in which they engage or they get assistance from a knowledgeable professional, or disclose any lack of expertise to their client.
Article 12- REALTORS® paint a true picture in their advertising and in other public representations
Article 13- REALTORS® do not engage in the unauthorized practice of law
Article 14- REALTORS® willingly participate in ethics investigations and enforcement actions.
Duties to REALTORS
Article 15- REALTORS® make only truthful, objective comments about other real estate professionals
Article 16- Respect the exclusive representation or exclusive brokerage relationship agreements that other REALTORS® have with their clients
Article 17- REALTORS® arbitrate financial disagreements with other REALTORS® and with their clients.
I am Barbara Carter, I a proud to be a Member of the National Association of Realtors.