Description
Code of Ethics
COURSE SYLLABUS
Course Description
Realtors should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.
Such interests impose obligations beyond those of ordinary commerce. They impose grave social responsibility and a patriotic duty to which Realtors should dedicate themselves, and for which they should be diligent in preparing themselves. Realtors, therefore, are zealous to maintain and improve the standards of their calling and share with their fellow Realtors a common responsibility for its integrity and honor.
This course outlines the standards of practice expected of licensed realtors, and provides several case studies to illustrate those standards.
CODE OF ETHICS AND STANDARDS OF PRACTICE
Introduction and Preamble
Article 1 Duties to Clients and Customers
1. Obligations
2. Agency Relationships
3. Disclosure
4. Offers
5. Confidentiality
6. Due Diligence
Articles 2-9
1. Misrepresentation
2. Discovery
3. Compensation and Commissions
4. Conflict of Interest
5. Contracts
Articles 10-14 Duties to the Public
1. Discrimination
2. Professional Standards
3. Standards of Competence
4. Consultive Services
5. Transparency
6. Kickbacks
7. Advertising
Articles 15-17 Duties to Realtors
1. Libel
2. Exclusivity
3. Solicitations
4. Disputes
5. Mediation and Arbitration
Business Ethics, NAR Code of Ethics and Pathways to Professionalism
1. History of NAR
2. Business Ethics
3. Professionalism
4. Enforcement
5. Arbitration Guidelines
Case Studies
1. Article 1
2. Article 12
3. Article 17
4. Commercial Cases
5. Conclusion
Final Assessment
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