Many people incorrectly use the terms real estate agent and REALTOR® interchangeably. While both are licensed to sell real estate, the basic difference is that a REALTOR® is a member of the National Association of REALTORS® and, as such, must subscribe to a strict REALTOR® Code of Ethics.
The Code of Ethics is a promise to the public that when dealing with a real estate agent who is a REALTOR®, they can expect honest and ethical treatment in all transaction-related matters. All REALTORS® are required to complete a minimum of 2 ½ hours of orientation on the Code of Ethics. Existing members must take a refresher course every four years.
Only REALTORS® pledge to abide by the Code of Ethics, and only REALTORS® are held accountable for their ethical behavior.
The basic principles of the Code of Ethics include:
• Protect and promote your client’s interest, but be honest with all.
• REALTORS® shall be careful at all times to present a true picture in their advertising and representations to the public.
• Assure, whenever possible, that transactional details are in writing.
I will be happy to provide a complete copy of the REALTORS® Code of Ethics for your review.
Call me to get yours today!