The Realtor Code of Ethics celebrates 100 years

Working with a Realtor gives buyers, sellers and investors many advantages they need to succeed in today’s real estate market. One of those advantages is the assurance that Realtors subscribe to a strict code of ethics that provides their clients with the highest degree of professionalism, ethics and service.

“Not all real estate licensees are Realtors,” says Orlando Regional Realtor Association Chairman Steve Merchant, of Global Realty International. “Only those who are a member of their national, state, and local Realtor associations subscribe to the Realtor Code of Ethics. This comprehensive document spells out professional responsibilities owed to clients, other Realtors and the general public.”

This year marks the 100th anniversary of the Realtor Code of Ethics. When the code was adopted in 1913, National Association of Realtors became the second trade or business group in the U.S. to adopt mandatory ethical standards for its members. The code is continually updated to reflect changes to the real estate marketplace, and Realtors must take comprehensive training at least once every four years.

The Realtor Code of Ethics consists of 17 articles that outline a Realtor’s duties and professional responsibilities to clients and customers, the public, and other Realtors. For instance, Realtors must be honest with all parties in the real estate transaction, including their client, other Realtors, or real estate agents and their clients. Realtors should also be forthcoming with all parties by disclosing all pertinent facts regarding the property and the transaction. If something seems questionable about a property, the Realtor is obligated to investigate and make recommendations that buyers consult their own expert and inspectors.

“Real estate is a business based on trust, and working ethically is a way to build trustworthy relationships,” says Merchant. “Buying and selling a home is a major, life-altering decision, and buyers and sellers need to be able to depend on their Realtor to guide them through the process with their best interests in mind. The Realtor Code of Ethics helps provide an added layer of security to help Realtors do just that.”

Consumers can read more about the Realtor Code of Ethics and learn how it benefits them at realtor.org/code-of-ethics