South Carolina Realtors
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Living by The Code
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Written by Information courtesy NAR. The National Association of Realtors
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Monday, 31 July 2006 |
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For nearly 100 years, Realtors® have subscribed to one of the oldest codes of
ethics for trade groups in the country. Today, with the premiere of advertising
spots entitled, “Someone You Can Trust,” the National Association of Realtors®
explains how its Realtor members’ adherence to that code serves and protects the
public.
In many ways, consumers today are just like those at the turn of the
last century – they deserve and demand honesty, integrity and commitment from
the professionals who serve them. Today’s home buyers and sellers, however,
confront real estate realities never envisioned 100 years ago, with disclosure
requirements, environmental regulations, and an expanding universe of mortgage
and financing options. More than ever, home buyers and sellers need to know that
their real estate professional is someone they can trust.
“Few, if any, other
professional organizations in the nation have put in place such rigorous ethics
training requirements for their members,” said Thomas M. Stevens, 2006 NAR
president and senior vice president of NRT Inc., from Vienna, VA. “Realtors® are
part of a unique profession that requires both competition and collaboration. By
subscribing to the Code of Ethics, NAR’s Realtor® members ensure that all home
buyers and sellers, with or without professional representation, are treated
honestly.”
All Realtors® must know and comply with the code of ethics, which
goes beyond state licensing requirements. The code predates real estate license
laws, and when these laws were established, many were based on the standards set
in the Realtor® Code of Ethics. Realtors® must complete ethics training by
taking at least 2.5 hours of instruction at least once every four years to
retain membership in NAR. A Realtor® is subject to disciplinary action if a
local association of Realtors® finds him or her in violation of the code of
ethics. Real estate professionals who are not Realtors® do not subscribe to this
code.
Consumers can learn more about NAR’s Code of Ethics by visiting
www.realtor.org/codeofethics, or by asking a Realtor® for a copy of the
code.
“Buying or selling a home involves many decisions; choosing a Realtor®
to protect your interests is the best one you can make,” said Stevens.
“Realtors® help home buyers and sellers save time and money, and add value to
the real estate transaction. A licensee has passed an exam; Realtors are real
professionals.” M
Information courtesy NAR. The National Association of
Realtors®, “The Voice for Real Estate,” is America’s largest trade association,
representing more than 1.2 million members involved in all aspects of the
residential and commercial real estate industries.
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