Monday, March 26, 2007

The Realtors’ Code of Ethics--The Rules I Live By

From the time we are children we learn right from wrong. As a child, our parents guide us and help us to establish an internal compass that directs us throughout our lives. I have always abided by the Golden Rule; Do unto others as you would have done to you.
The Realtor’s Code of Ethics is based on this same principle. It is an outline as to how we as Realtors conduct our real estate business. It defines how we are to treat our clients. It specifies how we are to treat the public. And it further directs how we as Realtors should treat other real estate professionals.

Not all real estate practitioners are Realtors. In order to use the Realtor name you must join the National Association of Realtors and abide by their code.

In my Minnesota real estate practice, I take these rules very seriously. It is considered the standard of practice that I work under as I truly believe it is the right way to do business.

Although there are many details to the complete code of ethics, here are a few points I would like to highlight:

  • Realtors pledge to protect and promote the interests of their client.

  • Realtors do not mislead on property value.

  • Realtors preserve the confidential information of their clients.

  • Realtors must disclose material defects and facts on properties.

  • Realtors must not discriminate.

  • Realtors must disclose dual agency.

  • Realtors are required to be accountable for funds.

  • Realtors must disclose accepted offers.

  • Realtors are required to provide competent service.

  • Realtors are not lawyers and cannot offer legal advice.

As a Minnesota real estate professional, I am proud to be a Realtor. And this is a sampling of the rules that I live by.
If you are relocating to Minnesota, are looking for Homes for Sale in the north and east Twin Cities metro area and need help from a professional Realtor, give me a call. Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2007