What are the main categories of the NAR Code of Ethics?
The main categories of the NAR Code of Ethics are 'Duties to the Public', 'Duties to Clients and Customers', and 'Duties to REALTORS'.
Duties to the Public
The category of 'Duties to the Public' within the NAR Code of Ethics outlines the responsibilities that real estate agents have towards the general public. This includes providing accurate and truthful information about properties, protecting the public against fraud and misrepresentation, promoting housing opportunities for all individuals, and advocating for fair housing practices.
Duties to Clients and Customers
'Duties to Clients and Customers' focus on the obligations that real estate agents have towards their clients and customers. This includes placing the interests of clients above their own, providing competent and professional services, maintaining confidentiality of client information, and ensuring clear communication throughout the real estate transaction process.
Duties to REALTORS
The category of 'Duties to REALTORS' highlights the professional obligations that real estate agents have towards their colleagues and the real estate industry as a whole. This includes cooperating with other real estate professionals, refraining from making false or misleading statements about competitors, and upholding the standards of the real estate profession.
In summary, the NAR Code of Ethics serves as a guiding framework for real estate agents to maintain ethical conduct and uphold professional standards in their interactions with the public, clients, customers, and fellow REALTORS. By understanding and adhering to these categories, real estate agents can build trust, maintain integrity, and promote a positive reputation within the industry.