Page 24 - Purchase Contract Guide Book Title Alliance Professionals

Code Of Ethics

Realtors® Pledge of Performance and Service

Duties to Clients and Customers Duties to the Public

The NATIONAL ASSOCIATION OF REALTORS® Article 1 Article 10
adopted the Code of Ethics in 1915, following REALTORS® protect and promote their clients’ REALTORS® give equal professional service to
the professions of medicine, law, and interests while treating all parties honestly. all clients and customers irrespective of race,
engineering. Article 2 color, religion, sex, handicap, familial status,
REALTORS® are real estate professionals who REALTORS® refrain from exaggeration, national origin, sexual orientation, or gender
have chosen to join the National Association misrepresentation, or concealment of identity. REALTORS® do not discriminate in
and abide by its strict Code of Ethics. pertinent facts related to property or transac- their employment practices.
What does this mean to you? It means that tions. Article 11
any REALTOR® with whom you work has Article 3 REALTORS® are knowledgeable and compe-
voluntarily agreed to abide by a Code of REALTORS® cooperate with other real estate tent in the fields of practice in which they
Ethics, based on professionalism and professionals to advance their clients’ best engage or they get assistance from a knowl-
protection of the public. interests. edgeable professional, or disclose any lack of
REALTORS® are subject to disciplinary action Article 4 expertise to their client.
and sanctions if they violate the duties When buying or selling on their own account Article 12
imposed by the Code of Ethics. or for their families or firms, REALTORS® REALTORS® are honest and truthful in their
The Code of Ethics is a detailed document that make their true position or interest known. communications and present a true picture in
spells out the professional responsibilities of Article 5 their advertising, marketing, and in other
every REALTOR®. REALTORS® do not provide professional public representations.
Do not hesitate to ask a REALTOR® for a copy services where they have any present or Article 13
of the Code, including the Standards of contemplated interest in property without REALTORS® do not engage in the unautho-
Practice. The Code is your assurance of disclosing that interest to all affected parties. rized practice of law.
dealing with a professional who has your best Article 6 Article 14

interests in mind. REALTORS® disclose any fee or financial REALTORS® willingly participate in ethics
The Code of Ethics consists of seventeen benefit they may receive from recommending investigations and enforcement actions.
Articles and related Standards of Practice. related real estate products or services.
The basic principles of the Code are summa- Article 7 Duties to REALTORS®
rized below. REALTORS® accept compensation from only Article 15
Please note that the following is not a one party, except where they make full REALTORS® make only truthful, objective
substitute for the Code, but simply a general disclosure to all parties and receive informed comments about other real estate
overview of the Code’s key principles. For consent from their client. professionals.
additional information about the Code of Article 8 Article 16
Ethics and its enforcement, speak with a REALTORS® keep the funds of clients and REALTORS® respect the exclusive representa-
REALTOR® or contact the local association of customers in a separate escrow account. tion or exclusive brokerage relationship
REALTORS® nearest you. Article 9 agreements that other REALTORS® have with
REALTORS® make sure that details of agree- their clients.
ments are spelled out in writing and that Article 17
parties receive copies. REALTORS® arbitrate and mediate financial
disagreements with other REALTORS® and
with their clients.
Updated 2017
24 www.titleallianceprofessionals.com