As a real estate professional, you're likely to encounter unexpected ethical dilemmas as you go about your daily business. That's why the National Association of REALTORS® provides its members with a regularly updated Code of Ethics and Standards of Practice. Adopted in 1913, the Code consists of 17 Articles and supporting Standards of Practice that provide ethical principles for dealing with clients and customers, the public at large, and other REALTORS®. Of course, knowing those guidelines and understanding how to efficiently put them into practice can be two different matters.
The participants are exposed to a wide array of relevant rules, laws, and regulations on ethics and morality, the relationship between the two concepts, and the necessity to imbibe the prescriptions of the NAR Code of Ethics. The express provisions of the Preamble, Articles, Standards of Practice, and Case interpretations are thereafter discussed in finer details to enhance the participant's understanding of the ethical expectations imposed on them. The course further deals with predatory lending and illegal flipping practices and suggests ways to handle and resolve incidents of these practices.
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