Friday, June 20, 2008

National Association of Realtors Code of Ethics

The Code of Ethics of the National Association of Realtors is the promise to the public that when dealing with a real estate agent that is a REALTOR, they can expect honext and ethical treatment in all transaction-related matters. Only REALTORS pledge to abide by the Association's Code of Ethics and only REALTORS are held accountable for their ethical behavior.Some of the basic principles of the Code of Ethics include:

~ Protect and promot your client's interests, but be honest with all parties

~ Avoid exaggeration, misrepresentation and concealment of pertinent facts. Do not reveal facts that are confidential under the scope of your agency relationship.

~ Disclose present or contemplated interest in any property to all parties.

~ Avoid side deals without your client's informed consent.

~ Accewpt compensation from onl 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 pempetent in the fields of practice in which you ordinarily engage. Obtain assistance or disclose lack of experience if necessary.

~ Do not engage in the unauthorized practice of law.

As you can see as a consumer, We are dedicated to serving America's property owners and have a strong commitment to follow the Code of Ethics. The National Association of Realtors is the largest professional association at over 900,000 members strong.

So whether you are buying or selling, look for that trademarked "R" of which we are so proud of and look for a REALTOR, as not all licensees are REALTORS.

Karen Villa Schweinfurth, REALTOR, ABR, CRS, SRES, e-PRO, ACRE

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