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Ethics & The REALTOR®

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

"If one advances confidently in the direction of his dreams,
and endeavors to live the life which he has imagined, he will 
meet with a success unexpected in common hours."

HENRY DAVID THOREAU

 

Members of the National Association of REALTORS® are required to take the Code of Ethics training every three years. Currently, this extends the current cycle deadline from March 1, 2022, to December 31, 2024. Although training wasn't required for another year, I took it on March 7, 2024, because ethics is that important.


There is a section in the NAR Ethics Manual which references "Aspirational Concepts of the Preamble to the Code," followed by fourteen bullet points under section 1. The second bullet point is easy to remember: "The Golden Rule." Although the Instructor did not ask the class what those words mean, outside of class, I dwelled on those three words, so easy to remember, but more deeply because I wanted to know, what exactly does it mean?  For the past 48 hours I pondered the meaning, reflecting on previous business courses I have taken since High School (a private business school), colleges, universities, and as a licensed REALTOR®. 


Taking serious consideration for meaning of the words, "The Golden Rule," can mean the same or something different to other people. Yet, the simple concept unites people of all faiths of the world, regardless of denomination or beliefs. 

 

For example, Aristotle, 384-322 BC's ethical works about moral behavior, closely aligned with traditional Greek values from his lifetime. Researching further:

  • "Do unto others what you would want others to do to you." (various sources)

  • One word which sums up the basis of all good conduct...loving-kindness. Do not do to others what you do not want done to yourself." (Confucious)

  • "Treat not others in ways that you yourself would find hurtful." (Buddha)

  • "In everything, do to others what you would have them do to you; for this is the law and the prophets." (Jesus, Matthew 7:12)

  • "What is hateful to you, do not do to your neighbor. This is the whole Torah; all the rest is commentary." (Hillel, Talmud, Shabbat 31a)

  • Not one of you truly believes until you wish for others what you wish for yourself." (Muhammad, al-Nawawi Hadith 1.3)


Is the world more critical, judgmental, opinionated, or more hateful today?  The Golden Rule is so much more than three simple words. Studying Ethics should not be taken lightly just to keep your license in real estate or retired from any business.  Practicing "The Golden Rule," is the right thing to do. When it comes to treating people fairly, it falls under the umbrella of The Golden Rule. Being critical, judgmental, opinionated, or hateful does not follow "The Golden Rule." How we affect other people's lives is more powerful than people think. 

 

DISCLAIMER: I must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to my blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are mine, unless otherwise noted. None of the information in this blog is intended to be, or should be construed as, legal, financial, or tax advice. Please consult the appropriate qualified professionals if such advice is needed.

Posted by

Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

https://www.trec.texas.gov/sites/default/files/pdf-forms/CN%201-4-1.pdf

dfw fine properties

PATRICIA FEAGER, REALTOR®
DFW FINE PROPERTIES
3575 LONE STAR CIRCLE SUITE 315
FORT WORTH, TEXAS 76177

Email Me
                                  

                                     

MBA (University of Dallas)
BA
(Bachelors of Arts & Science)
Paralegal (Southeastern Career Institute)
Associates (3) (College of Lake County)
KU (University of Kansas)

CERTIFICATIONS

CRS (Certified Residential Specialist)
SRES (Certified Senior Residential Specialist)
PSA (Certified Pricing Strategies; Mastering the CMA)
CRS (Certified Military Relocation Specialist)
RENE (Real Estte Negotitions Expert)

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

 

  

Comments(8)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Patricia Feager, MBA, CRS, GRI,MRP  I just finished my Ethics Course. My instructor, believe it or not, made it interesting. We started in the business together over 40 years ago. Just when you think you know everything, a situation comes up that is questionable 

Mar 09, 2024 09:17 AM
Patricia Feager, MBA, CRS, GRI,MRP

Hannah Williams - I actually enjoy Ethics and Legal Updates. Plus, I sign up for many classes every year, whether I need them or not. There is always something new to learn. I think in order to stay sharp we need at least one ah-ha a day! Clearly, there are no two transactions alike. 

40 years! WOW. Hannah, I had no idea you were in the business that long. I salute you! You have been through many more ebbs and flows of the economy and mortgage debacles than I would guess 80% of other real estate agents.  

Mar 09, 2024 09:26 AM
John Pusa
Glendale, CA

Hello Patricia Feager, MBA, CRS, GRI,MRP thank you for the reminder. Code Of Ethics Course is an important course every Realtor must take.

Mar 09, 2024 10:34 AM
Patricia Feager, MBA, CRS, GRI,MRP

John Pusa - I was also informed that as of January 1, 2025, all REALTORS have to take Fair Housing in addition to NAR's Code of Ethics. It is possible that Code of Ethics will be updated in 2025, because the last update was in 2023. 

You're welcome for the reminder. I appreciate it very much.

Mar 09, 2024 12:27 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia ethics is very important in all aspects of life, and business.  Unfortunately there a bad apples in every industry.

Mar 09, 2024 03:43 PM
Patricia Feager, MBA, CRS, GRI,MRP

George Souto - Unfortuntely, that may be true. All I can do is remain ethical.

Mar 09, 2024 05:38 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

If taught correctly  , the Code of Ethics causes much of the audience to have Ah Ha moments !

Mar 09, 2024 05:00 PM
Patricia Feager, MBA, CRS, GRI,MRP

Michael J. Perry - If given the chance to choose my Instructor, I choose the tough ones who have been in the industry for a long time. The one I had has been a Broker for more than 30 years and she is a sharp as a ball-point pen. 

It's always great and rewarding to leave a class with an Ah Ha!

Mar 09, 2024 05:41 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

The Golden Rule is what every individual should live by, whether in business or in their personal lives Patricia. The world would be an even better place for all to live, love and flourish!

Mar 09, 2024 06:08 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Wanda Kubat-Nerdin - Wanda Can! - my parents instilled ethical behavior and cooperation in me and my siblings. Yes! the world would be more peaceful if everyone believed in ethics. 

Mar 09, 2024 06:11 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Patricia Feager, MBA, CRS, GRI,MRP  yes I take my ethics course and smile, there are many who take it but do not have it... I do not need the Code of Ethics, I had it from day one.... and when I went to the United States Military Academy we had ab Honor Code, did not need it since I have always had Honor and Ethics... just my two cents, Endre

Mar 09, 2024 10:21 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Endre Barath, Jr. - I am glad and not surprised that you take the Ethics Course because you are an honorable man. The Instructor (she has been in the business for over 30 years), said she always includes a copy of the Code of Ethics for her clients, with her listing agreement, etc. And she takes the time to go over the forms to make sure everyone is on the same page. The reason is because it makes a difference from just saying you're a member of NAR and letting them have a copy in writing. 

FYI... I also had to take the Code of Ethics for the Flower Mound Citizens Police Academy before graduation last year. Plus, I was finger printed, mug shot photo, and backround checked, just like all the other who were in my class. 

Mar 09, 2024 10:51 PM