What is a REALTOR® and why should I use one?
Only real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® (NAR) can call themselves REALTORS®. All REALTORS® adhere to NAR’s strict Code of Ethics, which is based on Professionalism and protection of the public. That’s why all real estate licensees are NOT the same.
Dedicated to serving America’s property owners at both local and national levels, the NAR, The Voice for Real Estate®, is the largest professional trade association at over 950,000 members strong. So, whether you’re buying or selling a home—it pays to work with a REALTOR®. Look for the REALTOR® logo when choosing a real estate agent.
The Code of Ethics: A Commitment to the Public:
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 honest 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 principals 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
- 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
- Do not engage in the unauthorized practice of law.