Code Of Ethics
Code of Ethics
The Realtor Code of Ethics was established in 1913 as a Golden Rule, as a voluntary document outlining the professional duties of membership. In 1924 it became mandatory. Four years later after Texas Association of Real Estate Board renamed to Texas Association of Realtors. The Realtor code helped establish professionalism and integrity for the real estate industry. The Code of ethic is now mandatory training for all members.
Ethics are considered especially important when related to the activities of skilled or influential professional. Although there are not an official code all real estate agents, many are members of the National Association of Realtors, which has an ethics code.
The Code of Ethics and Standard of Practice of the National Association of Realtors has 17 articles which can be summarized in the golden rule: “do to others as you would like them to do to you”
Duties to Clients:
Articles 1 to 9 deal with the responsibilities real estate agents have toward their clients.
Article 1: When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve REALTORS® of their obligation to treat all parties honestly. When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, REALTORS® remain obligated to treat all parties honestly.
Article 2: REALTORS® shall avoid exaggeration, misrepresentation, or concealment of pertinent facts relating to the property or the transaction. REALTORS® shall not, however, be obligated to discover latent defects in the property, to advise on matters outside the scope of their real estate license, or to disclose facts which are confidential under the scope of agency or non-agency relationships as defined by state law.
Article 3: REALTORS® shall cooperate with other brokers except when cooperation is not in the
The Realtor Code of Ethics was established in 1913 as a Golden Rule, as a voluntary document outlining the professional duties of membership. In 1924 it became mandatory. Four years later after Texas Association of Real Estate Board renamed to Texas Association of Realtors. The Realtor code helped establish professionalism and integrity for the real estate industry. The Code of ethic is now mandatory training for all members.
Ethics are considered especially important when related to the activities of skilled or influential professional. Although there are not an official code all real estate agents, many are members of the National Association of Realtors, which has an ethics code.
The Code of Ethics and Standard of Practice of the National Association of Realtors has 17 articles which can be summarized in the golden rule: “do to others as you would like them to do to you”
Duties to Clients:
Articles 1 to 9 deal with the responsibilities real estate agents have toward their clients.
Article 1: When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve REALTORS® of their obligation to treat all parties honestly. When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, REALTORS® remain obligated to treat all parties honestly.
Article 2: REALTORS® shall avoid exaggeration, misrepresentation, or concealment of pertinent facts relating to the property or the transaction. REALTORS® shall not, however, be obligated to discover latent defects in the property, to advise on matters outside the scope of their real estate license, or to disclose facts which are confidential under the scope of agency or non-agency relationships as defined by state law.
Article 3: REALTORS® shall cooperate with other brokers except when cooperation is not in the