Is there a Code of Ethics for REALTORS?

Is there a Code of Ethics for REALTORS?

The NAR Code of Ethics sets the standard for Realtor business practices. Its 17 articles provide standards for conduct with clients and customers, the public, and other Realtors. In practice, Realtors are required to abide by the Code of Ethics as a way of doing business.

What is Article 10 of the REALTOR Code of Ethics?

Article 10 prohibits REALTORS® from discriminating on the basis of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity in the provision of professional services and in employment practices.

Is it okay for a broker to negotiate cooperating commission payments?

A: Absolutely not! Except for the fact that you cannot make an offer to purchase contingent upon an increase in compensation paid to you by the listing broker, you can negotiate your commission with the listing broker at any time during the transaction.

What is Article 8 of the Code of Ethics?

ARTICLE VIII – THE TEACHERS AND LEARNERS A teacher has a right and duty to determine the academic marks and the promotions of learners in the subject or grades he handles, such determination shall be in accordance with generally accepted procedures of evaluation and measurement.

When filing an Ethics complaint What should be cited?

Your complaint should include a narrative description of the circumstances that lead you to believe the Code of Ethics may have been violated. Your complaint must cite one or more of the seventeen (17) Articles of the Code of Ethics which may have been violated.

What is an antitrust violation in real estate?

An antitrust law designates what activities are not authorized for real estate agents. These include: price fixing – agreeing to charge the same commission between brokerages. bid rigging – when auction buyers work together to lower purchase prices, group boycotts – avoiding certain buyers or real estate agents.

What is the golden rule in the Code of Ethics?

The golden rule is a philosophy for leading one’s life that suggests that other people should be treated fairly and with respect. Essentially, people act for the good of others, because they would like to be treated in the same way.