Page 12 - GBRAR Annual Report 2020
P. 12

 PROFESSIONAL STANDARDS
 annual
20
20 report
PROFESSIONAL STANDARDS COMMITTEE: ONE YEAR TERM — Meets as needed for hearings Chair: Brent Lancaster | Vice Chair: Karen Carey
Purpose: Responsible for the enforcement of the Code of Ethics and training of the members of the Committee to prepare them to serve on hearing panels. Training of the Association’s mediators to assure the continuance of the mediation process as an alternative to arbitration. To assist the Education Committee with the training of general membership in areas of Professional Standards. Must agree to annual training prior to serving on hearing panels. REALTOR® Members Only.
 BASIC CODE OF ETHICS ARTICLES:
1. Protect and promote your client’s interests and treat all parties honestly.
2. Avoid exaggeration, misrepresentation, and concealment of pertinent facts.
3. Cooperate with brokers except when cooperation is not in the client’s best interest.
4. When buying or selling, make your position in the transaction or part known.
5. Disclose present or contemplated interest in any property to all parties. Avoid side
deals without your client’s informed consent.
6. Avoid side deals without your client’s informed consent.
7. Accept compensation from only one party, except with full disclosure and informed
consent.
8. Keep the funds of clients and customers in escrow.
9. All documents pertaining to the transaction should be presented in writing to the
buyer/seller in understandable terms.
10. Provide equal service to all clients and customers.
11. Be knowledgeable and competent in the fields of practice in which you ordinarily
engage. Obtain assistance or disclose a lack of experience if necessary.
12. Present an accurate picture in your advertising and other public representations.
13. Do not engage in the unauthorized practice of law.
14. Be a willing participant in Code enforcement procedures.
15. Ensure that your comments about other real estate professionals are truthful and not
misleading.
16. Respect the exclusive representation or exclusive brokerage relationship agreements
that other REALTORS® have with their clients.
17. Arbitrate contractual and specific non-contractual disputes with other REALTORS® and
 with your clients
  



































































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