At Fredericksburg Realty, we adhere to the REALTORS® Code of Ethics:
The NATIONAL ASSOCIATION OF
REALTORS® adopted the Code of Ethics in 1913, following the professions of medicine, law,
and engineering.
REALTORS® are real estate professionals who have chosen to join the National Association and abide by its strict Code of Ethics.
What does this mean to you? It means that any REALTOR® with whom you work has voluntarily agreed to abide by a Code of Ethics, based on professionalism and protection of the public.
REALTORS® are subject to disciplinary action and sanctions if they violate the duties imposed by the Code of Ethics.
The Code of Ethics is a detailed document that spells out the professional responsibilities of
every REALTOR®.
Do not hesitate to ask a REALTOR® for a copy of the Code, including the Standards of Practice. The Code is your assurance of dealing
with a professional who has your best interests in mind.
The Code of Ethics consists of seventeen Articles and related Standards of Practice. The basic principles of the Code are summarized to the right.
Please note that the following is not a substitute for the Code, but simply a general overview of the Code’s key principles. For additional
information about the Code of Ethics and its enforcement, speak with a REALTOR® or contact the local association of REALTORS® nearest you. |
Duties to Clients and Customers
Article 1
REALTORS® protect and promote their clients’ interests while treating all parties honestly.
Article 2
REALTORS® refrain from exaggeration, misrepresentation, or concealment of pertinent facts related to property or transactions.
Article 3
REALTORS® cooperate with other real estate
professionals to advance their clients’ best
interests.
Article 4
When buying or selling on their own account or for their families or firms,
REALTORS® make their true position or
interest known.
Article 5
REALTORS® do not provide professional services where they have any present or
contemplated interest in property without
disclosing that interest to all affected parties.
Article 6
REALTORS® disclose any fee or financial
benefit they may receive from recommend-
ing related real estate products or services.
Article 7
REALTORS® receive compensation from
only one party, except where they make full
disclosure and receive informed consent
from their client.
Article 8
REALTORS® keep entrusted funds of clients
and customers in a separate escrow account.
Article 9
REALTORS® make sure that contract details
are spelled out in writing and that parties
receive copies. |
Duties to the Public
Article 10
REALTORS® give equal professional service
to all clients and customers irrespective of
race, color, religion, sex, handicap, familial
status, or national origin.
Article 11
REALTORS® are knowledgeable and
competent in the fields of practice in which
they engage or they get assistance from a
knowledgeable professional, or disclose any
lack of expertise to their client.
Article 12
REALTORS® paint a true picture in their advertising and in other public representations.
Article 13
REALTORS® do not engage in the unauthorized practice of law.
Article 14
REALTORS® willingly participate in ethics
investigations and enforcement actions.
Duties to REALTORS®
Article 15
REALTORS® make only truthful, objective
comments about other real estate professionals.
Article 16
Respect the exclusive representation or
exclusive brokerage relationship agreements
that other REALTORS® have with their
clients.
Article 17
REALTORS® arbitrate financial disagreements with other REALTORS® and with
their clients.
Click here to download the REALTORS® Code of Ethics as a PDF |
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