Code of Ethics
For the REALTOR®
All REALTORS® must know and comply with the Code of Ethics, which goes beyond state licensing requirements. The Code predates real estate license laws, and when these laws were established, many were based on the standards set in the REALTOR® Code of Ethics. REALTORS® must complete ethics training by taking at least 2.5 hours of instruction at least once every four years to retain membership in the National Association of REALTORS® (NAR). A REALTOR® is subject to disciplinary action if a local association of REALTORS® finds him or her in violation of the Code of Ethics. Real estate professionals who are not REALTORS® do not subscribe to this Code.
For the Consumer
Buying or selling a home is never an easy process. All the different and confusing terms, the huge stacks of paperwork, all the forms that need to be filled out. Although it's an exciting experience, it can also be a very stressful one.
You need someone you can trust. Someone who can put your mind at ease because you know they're going to do the right thing and act in your best interest. Someone who will protect your rights.
When you enlist the services of a REALTOR®, you can be confident that you're being dealt with honestly. Every member of the National Association of REALTORS® makes a commitment to adhere to a strict Code of Ethics, which is based on professionalism and protection of the public.
The Code of Ethics is a promise – as a customer of a REALTOR®, you can expect honest and ethical treatment in all transaction-related matters. It is mandatory for REALTORS® to take the Code of Ethics orientation and they are also required to complete a refresher course every four years.
