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Every organizations often has a formal code of ethics. The formal Code of Ethics and Standards of Practice set forth by the National Association of Realtors calls for professionals to observe the "Golden Rule" and to conduct themselves and their real estate business in accordance with certain standards.
A code of ethics is commonly described as the guide of principles that is set up so as to enable professionals carry out business transactions honestly and with integrity.
This is also known as ethical code. It connotes all areas such as business ethics, a code of professional practice, employee code of conduct etc.
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"The formal Code of Ethics and Standards of Practice set forth by the National Association of Realtors calls for professionals to observe the "Golden Rule" and to conduct themselves and their real estate business in accordance with certain standards."
- The National Association of Realtors
Let's understand who the National Association of Realtors are.
The National Association of Realtors
- NAR actually advocates for policies (federal, state and local) that will improve the real estate market.
- They also protect the consumers.
- NAR also supports the real estate industry.
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