Basic Principles of the Code of Ethics

• Protect and promote 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.
  
• Cooperate with other real estate professionals to advance your client’s best interests.
  
• 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. Obtain assistance or disclose lack of experience if necessary.
  
• Present a true picture in your advertising and other public representation.
  
• 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 exclusive representation or exclusive brokerage relationship agreements that other REALTORS ® have with their clients.
  
• Arbitrate contractual and specific non-contractual disputes with other REALTORS ® and with your clients.
   

   For full text, refer to: Code of Ethics and Standards of Practice of the National Association of Realtors ®, 1-800-874-6500.

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