Summary of the Realtors® Code of Ethics
This is a short summary of the Code of Ethics subscribed to by all Habitat Hunters agents, as well as other Realtors®. Please note that in the interest of brevity, we’ve cut out a lot of important information, so you should not rely on this as a complete explanation. For more, please refer to the complete Code of Ethics and Standards of Practice of the National Association of Realtors®.
Article 1 – Realtors® pledge to protect and promote the interests of their client and to treat all parties honestly.
Article 2 – Though they are not obligated to research the property, Realtors® shall not exaggerate, misrepresent, or conceal important information relating to the property or transaction.
Article 3 – Realtors® shall cooperate with other agents and brokers, except when cooperation is not in the client’s best interest.
Article 4 – Realtors® shall not represent their own property or the property of friends, family, etc., without making that relationship known to the other agents or brokers involved.
Article 5 – When a Realtor® is performing any other professional services for themselves, family, friends, etc., they shall make that interest known to the other agents or brokers involved.
Article 6 – Realtors® may not accept any commission, rebate, or profit related to the property without their client’s knowledge and consent.
Article 7 – Realtors® may not accept compensation from more than one party without the knowledge and consent of all parties involved, even if permitted by law.
Article 8 – Realtors® keep their own money separate from funds coming to them in trust, including escrows, clients moneys, etc.
Article 9 – Realtors® assure all agreements are made in writing, and that a copy be made for all parties.
Article 10 – Realtors® do not discriminate in any way based on race, color, religion, sex, handicap, familial status, or national origin.
Article 11 – Realtors® will perform all services reasonably expected of them, and shall not attempt to provide real estate services that are beyond the scope of their specific area of expertise, without full disclosure to the client of their level of experience in that area.
Article 12 – Realtors® must present a true picture in all advertising and representations to the public, including disclosing their professional status.
Article 13 – Realtors® may not offer legal advice
Article 14 – If charged with or investigated for unethical practices, Realtors® cooperate fully with the appropriate board or institution, and will not obstruct the process in any way.
Article 15 – Realtors® will not knowingly or recklessly make false or misleading statements about competitors, their businesses, or their business practices.
Article 16 – Realtors® shall not endeavor to “steal” another Realtor’s client.
Article 17 – In the event of legal disputes, Realtors® agree to submit to arbitration and good faith wherever possible.