The National Association of REALTORS®
Code of Ethics:
What Does it Mean for
How does the Code of Ethics affect everyday real estate
If a REALTOR® represents you, whether you are buying or
selling a home, you can count on that REALTOR® to:
1. Be honest with all parties
in the transaction - not just with you, as his or her client, but also with
the other real estate practitioner and his or her clients.
2. Put your interests ahead of his or her own,
at all times.
A REALTOR® makes every effort to understand the housing needs of his or her
client, thoroughly researches available inventory, and shares all relevant
information with the buyer so that he or she can make an informed
decision. This service is provided regardless of the compensation
3. Disclose all pertinent facts
regarding the property and the transaction to both buyer and seller.
REALTORS® should recommend that
buyers consult their own experts, such as home inspectors, to address
concerns. For example, if a home seller asks his or her REALTOR® to
conceal the fact that the roof leaks, the REALTOR® cannot comply; if the
seller insists, the REALTOR® should end the business relationship with that
4. Be truthful in all communications with the
When REALTORS® distribute newsletters, create Web sites, or place
advertisements, they must be careful not to represent other real estate
professionals' work product as their own. If recently sold or listed
properties in the community are publicized, it must be clear whether the
REALTOR® was actually involved in the transaction, or whether that data came
from the local multiple listing service or other source. This ensures
that the public understands the REALTOR®'s experience and can make an
informed decision when choosing real estate representation.