Establishment of Ethical Standards and Building Codes by Associations

What are established by associations, such as the Texas Association of Realtors?

Ethics

Building Codes

Morals

Laws

Answer:

Associations like the Texas Association of Realtors establish ethical standards for their members and building codes are established by local government authorities.

Associations, such as the Texas Association of Realtors, establish ethical standards for their members. These standards outline the expected behavior and conduct that professionals in the industry should adhere to. By joining these associations, real estate agents commit to upholding these ethical guidelines and maintaining professional integrity.

Building codes, on the other hand, are established by local government authorities, such as city or county departments. These codes define the minimum standards for construction and safety in buildings. They cover aspects like structural integrity, electrical systems, fire safety, and accessibility.

Morals, on the other hand, are personal beliefs and values. While associations may encourage or promote certain moral values, they cannot be universally established by associations like the Texas Association of Realtors. Morals are subjective and vary among individuals.

Laws, on the other hand, are established by legislative bodies and enforced by government authorities. They are binding rules that govern society and cover a wide range of aspects, including real estate transactions. Associations may lobby for certain laws or advocate for their members' interests, but they do not establish laws themselves.

← How to record newspaper advertising services transaction The impact of returns on sales in e retailing industry →