Realtors® Code of Ethics: Ensuring Professionalism and Integrity in Real Estate
What is the purpose of the National Association of Realtors® Code of Ethics?
The National Association of Realtors® Code of Ethics is a set of moral standards for real estate practitioners. The code is a pledge to conduct oneself professionally and ethically. It comprises 17 Articles covering numerous aspects of the business. It is important to note that the Code of Ethics isn't just a collection of suggestions; it is a set of professional standards that Realtors® pledge to abide by on a daily basis.
Why was the National Association of Realtors® Code of Ethics established?
The Code of Ethics was adopted by the National Association of Realtors® to ensure that Realtors® keep their ethical and moral duties to the highest level of service to the public. The Code of Ethics is a tool to assist real estate agents in understanding their ethical and moral duties to their clients, colleagues, and the public.
Final Answer:
Established in 1913, the National Association of Realtors® Code of Ethics sets forth a standard of professional conduct for real estate professionals in the United States. Like the NRA's codes of fair practice, it aims to ensure fair and ethical practices within the industry.
The National Association of Realtors® Code of Ethics was implemented in 1913. As part of a professional conduct manual for American real estate agents, it is necessary for them to adhere to this code from the moment they join the association. The code of ethics constitutes a set of professional standards to ensure realtors maintain high ethical practices while dealing with clients, customers, the public, and fellow realtors. For instance, similar to the NRA's code of fair practice in other industries, the objective of this code is to ensure fairness, accountability, and a high standard of professional practice within the real estate industry.
By upholding the values and principles outlined in the Code of Ethics, Realtors® demonstrate their commitment to professionalism, integrity, and service excellence. This not only benefits the clients and customers they serve but also contributes to a positive reputation for the real estate industry as a whole. It underscores the importance of ethical conduct in building trust and maintaining positive relationships within the real estate community.