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®, you 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 principles of the Code of Ethics include:
- Protect and promote the 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 confirmed 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
For more information, consult the complete Code
of Ethics from the NATIONAL ASSOCIATION OF REALTORS®.
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REALTORS® adhere to a strict code of ethics that requires
fair and ethical business practices in all real-estate transaction
related matters. The code of ethics is enforced by a local
board of REALTORS®, and local boards may also receive enforcement
and mediation assistance from the Iowa Association of REALTORS® in
the form of a professional standards hearing and/or assistance
from IAR legal counsel.
If you know of a REALTOR® that is not practicing his or
her business in a fair and ethical manner, please fill out
the the following ethics complaint form and send it to your
local board of REALTORS® office. |
