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Accepting this standard as their own, REALTORS® pledge to observe its spirit in all of their activities and to conduct their business in accordance with the tenets set forth below.
- Basic Principles of the Code of Ethics
- Protect and promote your client’s interests, but be honest with all parties.
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Hurst, TX
Peter & Mary ...“Many, many thanks for your help and understanding during the sale & purchase of our houses”. |
- Avoid exaggeration, misrepresentation and concealment of pertinent facts.
- Cooperate with other brokers except when cooperation is not in the client’s best interest.
- When buying or selling, make your position in the transaction or interest known.
- Disclose present or contemplated interest in any property to all parties.
- Avoid side deals without your client’s informed consent.
- Accept compensation from only one party, except with full disclosure and informed consent.
- Keep the funds of clients and customers in escrow.
- Assure, whenever possible, that transactional details are in writing.
- Provide equal service to all clients and customers.
- Be knowledgeable and competent in the fields of practice in which you ordinarily engage. When providing service in fields you are unfamiliar with, obtain assistance from a knowledgeable professional or, at a minimum, disclose your lack of expertise to your client.
- Present a true picture in your advertising and other public representations.
- Do not engage in the unauthorized practice of law.
- Be a willing participant in Code enforcement procedures.
- Ensure that your comments about other real estate professionals are truthful and not misleading.
- Respect the agency relationships of other Realtors.
- Arbitrate contractual disagreements and specific non-contractual disputes with other Realtors.
For full text, refer to “Code of Ethics and Standards of Practice, NATIONAL ASSOCIATION OF REALTORS®.” 1-800-874-6500
E1999 NATIONAL ASSOCIATION OF REALTORS® All rights reserved. |