| Code Of Ethics |
The NATIONAL ASSOCIATION
OF REALTORS® adopted the
Code of Ethics in 1913,
following the professions of
medicine, law, and
engineering.
REALTORS® are real estate
professionals who have
chosen to join the National
Association and abide by its
strict Code of Ethics.
What does this mean to you?
It means that any REALTOR®
with whom you work has
voluntarily agreed to abide by a
Code of Ethics, based on
professionalism and
protection of the public.
REALTORS® are subject to
disciplinary action and
sanctions if they violate the
duties imposed by the Code of
Ethics.
The Code of Ethics is a
detailed document that spells
out the professional
responsibilities of every
REALTOR®.
Do not hesitate to ask a
REALTOR® for a copy of the
Code, including the Standards
of Practice. The Code is your
assurance of dealing with a
professional who has your
best interests in mind.
The Code of Ethics consist of
seventeen Articles and related
Standards of Practice. The
basic principles of the Code
are summarized below.
Please note that the following
is not a substitute for the
Code, but simply a general
overview of the Code's key
principles. For additional
information about the Code of
Ethics and its enforcement,
speak with a REALTOR® or
contact the local association of
REALTORS® nearest you.
OF REALTORS® adopted the
Code of Ethics in 1913,
following the professions of
medicine, law, and
engineering.
REALTORS® are real estate
professionals who have
chosen to join the National
Association and abide by its
strict Code of Ethics.
What does this mean to you?
It means that any REALTOR®
with whom you work has
voluntarily agreed to abide by a
Code of Ethics, based on
professionalism and
protection of the public.
REALTORS® are subject to
disciplinary action and
sanctions if they violate the
duties imposed by the Code of
Ethics.
The Code of Ethics is a
detailed document that spells
out the professional
responsibilities of every
REALTOR®.
Do not hesitate to ask a
REALTOR® for a copy of the
Code, including the Standards
of Practice. The Code is your
assurance of dealing with a
professional who has your
best interests in mind.
The Code of Ethics consist of
seventeen Articles and related
Standards of Practice. The
basic principles of the Code
are summarized below.
Please note that the following
is not a substitute for the
Code, but simply a general
overview of the Code's key
principles. For additional
information about the Code of
Ethics and its enforcement,
speak with a REALTOR® or
contact the local association of
REALTORS® nearest you.
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 transaction.
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.
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 transaction.
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 |
| NATIONAL ASSOCIATION OF REALTORS® |
| REALTORS®' Pledge of Performance and Service |
Duties to Clients
and Customers
and Customers
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
pictures 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.
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.
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
pictures 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.
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.
| Duties to REALTORS® |
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