CODE OF ETHICS SETS REALTORS® APART
For more detailed information on the 17 Articles in the NATIONAL ASSOCIATION OF REALTORS®
Code of Ethics and Standards of Practice please click on the Adobe PDF graphic.
When you think of professionals who follow specific codes of ethics, what comes to mind? Doctors, lawyers, engineers – all are professionals who pledge to follow a strict code of ethics. For important life issues like your health and legal matters, it makes sense to have relationships with professionals who follow such a code.
As REALTORS® – real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® (NAR) – we pledge to adhere to NAR's strict Code of Ethics and Standards of Practice. Among other things, membership in NAR obligates us to be honest with all parties involved in a transaction, whether it is the buyer, seller or cooperating agent.
It is important that consumers understand the difference between REALTORS® and other real estate practitioners. There are approximately four million licensed real estate professionals in the United States, but only members of the NAR can call themselves REALTORS®. Real estate practitioners are simply licensed by their state to do business. The term “REALTORS®” stands for competency, fairness, high integrity and moral conduct in business relations.
Because the Code of Ethics is so important, all REALTORS® are required to take a minimum of two and a half hours orientation on the Code of Ethics. Existing members must take a refresher training course every four years.
Adopted in 1913, the Code includes 17 Articles and related Standards of Practice that outline the professional duties of every REALTOR® to clients, customers, the public and other REALTORS®.
Below is a brief and general overview of a few of the key principles REALTORS® willingly agree to under the Code.
For more detailed information on the 17 Articles in the NATIONAL ASSOCIATION OF REALTORS®
Code of Ethics and Standards of Practice please click on the Adobe PDF graphic.
- REALTORS® avoid practices, which may harm the public.
- REALTORS® do not exaggerate, misrepresent or conceal facts related to property or transactions.
- REALTORS® protect and promote their clients’ interests and treat all parties fairly.
- REALTORS® represent themselves truthfully in advertising and other public forums.
- REALTORS® receive compensation from only one party, except where they make full disclosure and receive informed consent from their client.
- REALTORS® respect the exclusive, professional relationship that other Realtors® have with their clients.
- REALTORS® give equal professional service to all clients and customers regardless of race, color, religion, sex, disability, family status or national origin.
- REALTORS® willingly participate in ethics investigations and enforcement actions.