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Ethics & Honesty

I feel that it is incredibly important that Realtors today act with the highest regard for their clients and their profession.  Too often we hear of dishonest and unethical business practices.  I appall such practices, and invite you to view the Code of Ethics that all Real Estate Professionals are expected and required to practice.

Please note that these are summaries of the actual articles, but the meaning should still be clear.

Interpretations of the REALTOR'S Code of Ethics:


Article 1 - Protect and promote your client's interests, but be honest with all parties.

Article 2 - Avoid exaggeration, misrepresentation, and concealment of pertinent facts. Do not reveal facts that are confidential under the scope of your agency relationship.

Article 3 - Cooperate with other real estate professionals to advance client's best interests.

Article 4 - When buying or selling, make your position in the transaction or interest known.

Article 5 - Disclose present or contemplated interest in any property to all parties.

Article 6 - Avoid side deals without client's informed consent.

Article 7 - Accept compensation from only one party, except with full disclosure and informed consent.

Article 8 - Keep the funds of clients and customers in escrow.

Article 9 - Assure, whenever possible, that transactional details are in writing.

Article 10 - Provide equal service to all clients and customers.

Article 11 - Be knowledgeable and competent in the fields of practice in which you engage.

Article 12 - Present a true picture in your advertising and other public representations.

Article 13 - Do not engage in the unauthorized practice of law.

Article 14 - Be a willing participant in code enforcement procedures.

Article 15 - Ensure that your comments about other real estate professionals are truthful and not misleading.

Article 16 - Respect the agency relationships that other real estate professionals have with their clients.

Article 17 - Arbitrate contractual and specific non-contractual disputes with your clients.

    


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For problems or input regarding this site, please contact:  afehler@austinlakeproperty.com
Basic content last updated: 01/19/09. (Listings updated constantly)