Not only as a Realtor, but as a person, I felt the need to post this. We all KNOW we have a code of ethics to follow, but do you actually follow them?  We have pledged to follow these rules as Realtors, but I like to think not only we follow as Realtors, but as people! Simply put....do unto others... THE GOLDEN RULE!

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics:
What Does it Mean for Consumers?

How does the Code of Ethics affect everyday real estate practices?

If a REALTOR® represents you, whether you are buying or selling a home, you can count on that REALTOR® to:

1. Be honest with all parties in the transaction - not just with you, as his or her client, but also with the other real estate practitioner and his or her clients.
For example, if REALTORS® represent a buyer with a spotty credit history, they can't be dishonest with sellers about this fact. At the same time, REALTORS® can help their buyer clients collect and assemble information, such as credit reports and audited tax returns, to demonstrate that the buyer has addressed the problem and improved their situation.

2. Put your interests ahead of his or her own, at all times.
A REALTOR® makes every effort to understand the housing needs of his or her client, thoroughly researches available inventory, and shares all relevant information with the buyer so that he or she can make an informed decision. This service is provided regardless of the compensation available.

3. Disclose all pertinent facts regarding the property and the transaction to both buyer and seller.
If a REALTOR® believes information provided by a seller is questionable, the REALTOR® is obligated to investigate. REALTORS® should recommend that buyers consult their own experts, such as home inspectors, to address concerns. For example, if a home seller asks his or her REALTOR® to conceal the fact that the roof leaks, the REALTOR® cannot comply; if the seller insists, the REALTOR® should end the business relationship with that seller.

4. Be truthful in all communications with the public.
When REALTORS® distribute newsletters, create Web sites, or place advertisements, they must be careful not to represent other real estate professionals' work product as their own. If recently sold or listed properties in the community are publicized, it must be clear whether the REALTOR® was actually involved in the transaction, or whether that data came from the local multiple listing service or other source. This ensures that the public understands the REALTOR®'s experience and can make an informed decision when choosing real estate representation.

 
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6 Comments on Code of Ethics

SEP
10
Outside Blog

Yes I believe that most of the realtors are following the code of ethics.  But a few cause us all a problem.

8:57am • #1

Hey Angie!

This is looking vaguely familiar as I just took my required MCE ethics course!! LOL!  Though the class is required, it is up to each individual to "do the right thing" every day.  Putting our client's first may not get us as many closings...but it will pay off in the long run. I am thinking of all those clients who could qualify for a home purchase by the skin of their teeth...but really are not ready for home ownership.  Or maybe they are ready for home ownership...but not as BIG a home as they think they can afford "because the lender TOLD me I can afford this much".  :)

8:57am • #2
213,251 Points 1 Featured Post Localism Sponsor Outside Blog

Morning ANgie,  Good reminder to all of us.  Until some of the abuses are pursued by the local boards it will not serve us or our custmers as intended.

9:04am • #3
Localism Sponsor Outside Blog

I think that realtors do follow the code of ethics. I think for the most part it becomes habit. It's ingrained in you from the beginning and then it becomes a way of work. Also with the required MCE courses it's hard to forget.

I think there are those though that will never follow it and they are the ones unfortunitely make it difficult on the rest of us.

9:08am • #4
SEP
14
5 Featured Posts Outside Blog

Hi, Angie.

I think that realtors follow the code of ethics alot more diligently wiith customers and clients than they do with each other.

8:29am • #5
OCT
07
Outside Blog

I think most agents have the best intentions.  There are absolutely the bad apples (We've all done business with them).  There are also people that work the system looking for a loophole to benefit from someone's honest mistake.

Karma.  What comes around goes around.  Do the right thing!

Diane

3:48am • #6

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Angie Brown Baron Agency

Anderson, SC

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Anderson Real Estate

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