What Is the REALTOR® Code of Ethics? As a REALTOR®, you are required to abide by the Code of Ethics and the Bylaws and Rules and Regulations of the local, state, and national REALTOR® associations.
What this means:
- If you are involved in a dispute with another REALTOR® arising out of your relationships as REALTORS®, you must arbitrate, rather than litigate, these disputes.
- If you are charged with a violation of the Code of Ethics, or asked to present evidence or testimony in any hearing, you are obligated to appear and cooperate with the proper tribunal.
First adopted in 1913, the REALTOR® Code of Ethics was first adopted in 1913, is still a relevant guide because it is a living document, evolving as times have changed, new needs and insights have been recognized and, as the law has developed.
The term REALTOR® has come to connote competency, fairness, and high integrity in business dealings. No inducement of profit and no instruction from clients can ever justify departure from this ideal. Any Code of Ethics is meaningless unless it can be clearly understood by those who must live by it.
The REALTOR® Code of Ethics is made up of fair and just rules that govern conduct and provide access to arbitration and dispute resolution And it provides a guide for long-term business success. It is important that you understand your Code of Ethics and use it as a tool in your daily business.
See the full Code of Ethics from the National Association of REALTORS® and learn about recent changes.
Code of Ethics training requirement
All PAR members must complete training in the Code of Ethics every four years. The current four-year cycle has a deadline of December 31, 2016. Learn more about the options for completing your training from PAR and NAR.