The Code of Ethics of the NATIONAL ASSOCIATION OF REALTORS® is the promise to the public that when dealing with a real estate agent that is a REALTOR®, they can expect honest and ethical treatment in all transaction-related matters. Only REALTORS pledge to abide by the Association's Code of Ethics and only REALTORS® are held accountable for their ethical behavior.
Some of the basic principles of the Code of Ethics include:
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Protect and promote your client's interests, but be honest with all parties.
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Avoid exaggeration, misrepresentation, and concealment of pertinent facts. Do not reveal facts that are confidential under the scope of your agency relationship.
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Disclose present or contemplated interest in any property to all properties.
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Avoid side deals without your client's informed consent.
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Accept compensation from only one party, except with full disclosure and informed consent.
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Keep the funds of clients and customers in escrow.
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Assure, whenever possible, that transactional details are in writing. Provide equal service to all clients and customers.
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Be knowledgeable and competent in the fields of practice in which you ordinarily engage. Obtain assistance or disclose lack of experience if necessary.
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Do not engage in the unauthorized practice of law.
Courtesy of NATIONAL ASSOCIATION OF REALTORS®
The NAR Code of Ethics