Where the word REALTORS is used in this Code and Preamble, it shall be deemed to include REALTOR-Associates.
While the Code of Ethics establishes obligations that may be higher than
those mandated by law, in any instance where the Code of Ethics and the law
conflict, the obligations of the law must take precedence.
Under all is the land. Upon its wise utilization and widely allocated
ownership depend the survival and growth of free institutions and of our
civilization. REALTORS® should recognize that the interests of the
nation and its citizens require the highest and best use of the land and the
widest distribution of land ownership. They require the creation of adequate
housing, the building of functioning cities, the development of productive
industries and farms, and the preservation of a healthful environment.
Such interests impose obligations beyond those of ordinary commerce.They
impose grave social responsibility and a patriotic duty to which
REALTORS® should dedicate themselves, and for which they should be
diligent in preparing themselves. REALTORS® , therefore, are zealous
to maintain and improve the standards of their calling and share with their
fellow REALTORS® a common responsibility for its integrity and honor.
In recognition and appreciation of their obligations to clients, customers,
the public, and each other, REALTORS® continuously strive to become
and remain informed on issues affecting real estate and, as knowledgeable
professionals, they willingly share the fruit of their experience and study with
others. They identify and take steps, through enforcement of this Code of Ethics
and by assisting appropriate regulatory bodies, to eliminate practices which may
damage the public or which might discredit or bring dishonor to the real estate
profession. REALTORS® having direct personal knowledge of conduct
that may violate the Code of Ethics involving misappropriation of client or
customer funds or property, willful discrimination, or fraud resulting in
substantial economic harm, bring such matters to the attention of the
appropriate Board or Association of REALTORS®. (Amended
Realizing that cooperation with other real estate professionals promotes the
best interests of those who utilize their services, REALTORS® urge
exclusive representation of clients; do not attempt to gain any unfair advantage
over their competitors; and they refrain from making unsolicited comments about
other practitioners. In instances where their opinion is sought, or where
REALTORS® believe that comment is necessary, their opinion is offered
in an objective, professional manner, uninfluenced by any personal motivation or
potential advantage or gain.
The term REALTOR® has come to connote competency, fairness, and
high integrity resulting from adherence to a lofty ideal of moral conducting
business relations. No inducement of profit and no instruction from clients ever
can justify departure from this ideal.
In the interpretation of this obligation, REALTORS® can take no
safer guide than that which has been handed down through the centuries, embodied
in the Golden Rule, "Whatsoever ye would that others should do to you, do ye
even so to them."
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 following.