What are the main components of the REALTOR Code of Ethics?

The main components of the REALTOR Code of Ethics include a Preamble, The Standards of Business Practice, and The Interpretations. The Preamble sets the tone for the ethical obligations REALTORS have toward their clients, the public, and their peers, establishing a foundation based on professionalism and integrity.

The Standards of Business Practice outline specific expectations and best practices that REALTORS must adhere to in their professional dealings. This ensures a consistent level of service and ethical conduct across the industry.

The Interpretations provide further clarity on how the standards should be applied in various situations, guiding real estate professionals in navigating complex ethical dilemmas. Together, these components create a comprehensive framework that governs the behavior of REALTORS, ensuring accountability and fostering public trust in the real estate profession.

This understanding of the REALTOR Code of Ethics helps ensure that real estate professionals are committed to upholding high standards in their transactions and interactions with clients and colleagues.