Real Estate Ethics - Understanding the Code of Ethics for REALTORS
What are the key principles outlined in the Preamble to the Code of Ethics for REALTORS?
a. Can be the basis for disciplinary action against a REALTOR®
b. Establishes ideals which all REALTORS® should strive to meet
Are the Articles of the Code of Ethics broad statements of ethical principles?
a. True
b. False
Is a \"general\" mailing to all homes in an area always unethical?
a. Is always unethical
b. Is not unethical even if the mailing reaches owners whose property is exclusively listed with other brokers
c. Is unethical if there is a \"for sale\" sign on the lawn
d. Is unethical if the property owner is on the \"Do Not Call\" registry
Answers:
1. b. Establishes ideals which all REALTORS® should strive to meet
2. a. True
3. b. Is not unethical even if the mailing reaches owners whose property is exclusively listed with other brokers
The Preamble to the Code of Ethics establishes ideals that all REALTORS should strive to meet. It is not the basis for disciplinary action against a REALTOR. The statement is True.
The Articles of the Code of Ethics provide overarching ethical principles that guide the behavior of REALTORS. These articles outline fundamental concepts such as honesty, fairness, and professionalism. On the other hand, the Standards of Practice offer more detailed guidelines that support, interpret, and amplify the respective Articles. The Standards of Practice provide specific instructions on how REALTORS should apply the ethical principles in their day-to-day activities.
Sending a \"general\" mailing to all homes in an area is not automatically unethical. The ethical implications depend on the specific circumstances. While it may reach owners whose properties are exclusively listed with other brokers, this alone does not make it unethical. However, if the mailing contains false or misleading information or violates other provisions of the Code of Ethics, it could be considered unethical.
Similarly, the presence of a \"for sale\" sign on a property does not automatically make a general mailing unethical. However, REALTORS® should exercise caution and ensure that their marketing efforts are truthful, respectful, and in compliance with the applicable laws and regulations. Regarding the \"Do Not Call\" registry, REALTORS® should respect the privacy preferences of individuals who have registered their phone numbers on the list.