Not many folks know that licensed Realtors are bound by a strict Code of Ethics. This Code is outlined by the National Association and moderated by the local Board.
It is interesting, and I think of great benefit to the consumer, that our industry not only has to comply with state and federal law in the business of real estate but that we also have our own set of "rules" for how we conduct ourselves in today's marketplace.
I recently attended a refresher course on this Code and was struck by it's comprehensive content, it's noble purpose, and it's goal of adherence to both a personal and professional set of guidelines.
An excerpt from the Preamble to this Code appears below.......(my intent is not to break any copyright laws by sharing this short paragraph!)
"In recognition and appreciation of their obligations to clients, customers, the public, and each other, REALTORS® continuously strive to become and remain informed on issues affecting real estate and, as knowledgeable professionals, they willingly share the fruit of their experience and study with others. They identify and take steps, through enforcement of this Code of Ethics and by assisting appropriate regulatory bodies, to eliminate practices which may damage the public or which might discredit or bring dishonor to the real estate profession. REALTORS® having direct personal knowledge of conduct that may violate the Code of Ethics involving misappropriation of client or customer funds or property, willful discrimination, or fraud resulting in substantial economic harm, bring such matters to the attention of the appropriate Board or Association of REALTORS®. "
Pretty cool, huh?
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