Exploring the Code of Ethics in Real Estate Industry

Who writes the Code of Ethics and Standards of Practice?

A. The Texas Real Estate Commission
B. The local Board of REALTORS® create their own.
C. The National Association of REALTORS®
D. Brokers who have 100 agents or more create their own.

Answer:

The Code of Ethics and Standards of Practice is established by the National Association of REALTORS®.

The Code of Ethics and Standards of Practice in the real estate industry is a fundamental document that guides the conduct, professionalism, and integrity of real estate professionals. The Code of Ethics and Standards of Practice is not written by individual brokers or local boards of REALTORS®, but by the National Association of REALTORS® (NAR).

The NAR's Code of Ethics sets the standard for ethical behavior in the real estate industry and reflects the commitment to integrity and professionalism among real estate professionals. By adhering to this code, real estate professionals demonstrate their dedication to providing quality service and maintaining the trust of their clients and customers.

Similar to other professional organizations, such as the IEEE Computer Society for software engineering, the NAR's Code of Ethics plays a crucial role in upholding the standards of conduct within the real estate profession. It ensures that real estate agents and brokers operate with honesty, fairness, and transparency in their dealings with clients, colleagues, and the public.