ETHICS and STANDARDS OF PRACTICE of the NATIONAL ASSOCIATION OF REALTORS®
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.
PRINCIPLES OF CODE OF ETHICS
Be informed and contribute responsibly to
Be informed to advise your clients
Eliminate practices that damage or
discredit the profession.
Urge the exclusive listing of property
Share your experience and expertise with
Seek no unfair advantage of other REALTORS®.
Protect your clients interests but
be fair to all parties.
Accept compensation form only one party
unless disclosed to all parties.
Avoid exaggeration, misrepresentation, and
concealment of pertinent facts.
Provide equal service to all clients and
Provide competent service
in your field of endeavor.
Disclose present or contemplated interest
in any property to all parties.
When buying or selling, make your position
or interest known.
Arbitrate disputes with other REALTORS®.
Participate in enforcement of the Code.
Avoid side deals without your
Avoid the unauthorized practice of law.
Place entrusted funds in a special
Present a true picture in your
Ensure that transactional details are in
Respect the agency of other REALTORS®.
Cooperate with other real estate
professionals to promote your clients interests.
Refrain from public disparagement.