Thursday, June 30, 2016

Part 2- Realtor Code of Ethics

Part 2- Your REALTOR’S® Code of Ethics

Earlier in the week I answered a question posed to me  ”What is the difference between a real estate agent and a REALTOR®? To see the outcome of this blog post head over here. FYI, I am a licensed Realtor in Aventura, Florida.

In this prior post, I also mentioned I would reveal, somewhat  in a nutshell the Code of Ethics to which all licensed Realtors must adhere.

This Code of Ethics  is the framework for the National Association of Realtors trade union. The statements noted below set the standard for moral, ethics and integrity in the real estate industry.
It is worth pointing out  that this code of ethics is over 100 years old.

  • A client's interest is and should be the primary concern of the REALTOR; however, they must treat ALL parties honestly.

  • All details of a contract must be noted and presented in writing to all sides involved. Each participant in the transaction is to receive a copy of all documents.

  • Realtors  must offer professional services to all clients irrespective to their color, race, national origin, religion, handicap, sex and sexual orientation.

  • Advertising must present a valid picture of their marketing, and all representations must be accurate.

  • Realtors are to cooperation with other real estate professionals in order to promote their client's best interest.

  • Exaggeration, misrepresentation or concealment of pertinent facts related to a transaction or a property is strictly forbidden.

  • If a Realtor sells his own property or the property of his family or firm this fact must be stated.

This code of ethics is translated into many languages for all to review. Recently the Chinese language, both simplified and traditional was added by the National Association of Realtors.

The most updated National Association of Realtors Code of Ethics (2016) can be found here. For all your real estate needs in Aventura, Sunny Isles, Bal Harbor and more I can be contacted here.

No comments:

Post a Comment