Real Estate Code of Ethics: Understanding the Articles and Standards

What are the Articles of the Code in the Real Estate industry?

Are the Articles of the Code broad statements of ethical principles?

And are they supported, interpreted, and amplified by Standards of Practice?

Answer:

Yes, the Articles of the Code in the Real Estate industry are broad statements of ethical principles that guide Realtors in maintaining high standards of professionalism and conduct. They are indeed supported, interpreted, and amplified by Standards of Practice.

The Articles of the Code are the foundational ethical principles outlined in the Code of Ethics and Standards of Practice of the National Association of Realtors (NAR). These articles serve as a guide for Realtors to uphold integrity and ethics in their real estate dealings.

There are seventeen articles in the Code of Ethics, each addressing different aspects of real estate transactions. These articles provide a framework for ethical behavior and help Realtors navigate complex situations with professionalism and integrity.

The Standards of Practice, on the other hand, offer specific guidelines and interpretations of the broad principles outlined in the Articles of the Code. They provide practical examples and advice to Realtors on how to apply these ethical standards in their day-to-day practices.

By understanding and adhering to both the Articles of the Code and the Standards of Practice, Realtors can maintain a high level of professionalism, build trust with clients, and uphold the reputation of the real estate industry as a whole.