Code of Ethics and Standards of Practice
of the National Association of REALTORS®
Effective January 1, 2016
Outline of REALTOR Code of Ethics:
Protect and Promote Your Client's Interests, But be Honest with All Parties
Avoid Exaggeration, Misrepresentation, and Concealment of Pertinent Facts. Do Not Reveal Facts that are Confidential Under the Scope of Your Agency Relationship.
Cooperate with Other Real Estate Professionals to Advance Client's Best Interests.
When Buying or Selling, Make Your Position in the Transaction or Interest Known.
Disclose Present or Contemplated Interest in Any Property to All Parties.
Avoid Side Deals without Client's Informed Consent
Accept Compensation from Only One Party, Except with Full Disclosure and Informed Consent.
Keep the Funds of Clients and Customers in Escrow.
Assure, Whenever Possible, that Transactional Details are in Writing.
Provide Equal service to all Clients and Customers.
Be Knowledgeable and Competent in the Fields of Practice in Which You Ordinarily Engage. Obtain Assistance or Disclose Lack of Experience if Necessary.
Present a True Picture in Your Advertising and Other Pubic Representations.
Do Not Engage in the Unauthorized Practice of Law.
Be a Willing Participant in Code Enforcement Procedures.
Ensure that Your Comments about Other Real Estate Professionals are Truthful, and Not Misleading
Respect the Agency Relationships, and other Exclusive Relationships Recognized by Law, that Other REALTORS have with their Clients
Arbitrate Contractual and Specific Non-Contractual Disputes with Other REALTORS and with Your Clients.