What is Article 1 of the Code of Ethics for REALTORS? (2024)

What is Article 1 of the Code of Ethics for REALTORS?

Article 1, Standard of Practice 1-9, obligates Realtors® to preserve confidential information gained during or following the termination of a listing. In other words, Realtors cannot use confidential information to the client's disadvantage, like revealing their motivation or price they would accept.

What is the Article 1 of the Code of Conduct?

ARTICLES OF THE CODE OF CONDUCT (CoC). Article I - I am an American, fighting in the forces which guard my country and our way of life. I am prepared to give my life in their defense. Article II - I will never surrender of my own free will.

What is the Article 2 of the REALTOR Code of Ethics?

Article 2 guarantees faithful service to both clients and customers as consumers of real estate services. to disclose facts which are confidential under the scope of agency or non-agency relationships as defined by state law.

What is Code of Ethics in real estate?

The Code of Ethics protects the public by promoting fair and honest business practices in the real estate industry. By upholding high ethical standards, real estate professionals help to maintain the public's trust in the industry and ensure that real estate transactions are conducted transparently and ethically.

What does Article 1 of the Code of Ethics states that REALTORS must pledge to?

The first nine Articles of the REALTOR® Code of Ethics outline all duties to an agent's clients and customers: Article 1: Protect & promote your client's interests; Treat all honestly. Standard of Practice 1-3: Must not mislead owners as to market value.

What is Section 1 of the Code of Ethics?

Section 1. Teachers shall, at all times, be imbued with the spirit of professional loyalty, mutual confidence, and faith in one another, self-sacrifice for the common good, and full cooperation with colleagues.

What is Article 1 of articles of the Constitution?

Article I – The Legislative Branch.

Congress is a legislative body that holds the power to draft and pass legislation, borrow money for the nation, declare war and raise a military.

What is the Article 1 of the Constitution?

All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.

What are the 5 codes of conduct?

Types of codes of conduct
  • integrity.
  • objectivity.
  • competence.
  • confidentiality.
  • professionalism.
Feb 12, 2024

What is Article 10 5 REALTOR Code of Ethics?

“REALTORS® must not use harassing speech, hate speech, epithets, or slurs based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.”

What Article 2 suggests a REALTOR should?

After hearing REALTOR® A restate his position, the Hearing Panel pointed out that Article 2 obligates a REALTOR® to “avoid misrepresentation or concealment of pertinent facts relating to a property or a transaction;” that his reluctance to avoid the role of informer was understandable, but that he could have discharged ...

What does the standard of practice 1 3 of the REALTORS Code of Ethics says that REALTORS should?

Standard of Practice 1-3

REALTORS®, in attempting to secure a listing, shall not deliberately mislead the owner as to market value.

What does Article 3 of the Code of Ethics obligate REALTORS to do?

Article 3 of the Code requires REALTORS® to cooperate with other brokers in their client's best interest. REALTORS® are obligated to share information on the property they have listed and to make the property available to other brokers for showing regardless of the cooperating broker's membership status.

What is unethical realtor behavior?

Misrepresentation or Concealment of Property Flaws

This could be a selling agent hiding property flaws or a buyer's agent overlooking flaws to progress the real estate transaction. This behavior is considered unethical because buyers rely on their real estate agent's expertise when deciding whether to purchase a home.

How many articles are in Code of Ethics?

The Code of Ethics consists of seventeen Articles and related Standards of Practice. The basic principles of the Code are summarized below. Please note that the following is not a substitute for the Code, but simply a general overview of the Code's key principles.

How many articles are in the Code of Ethics for REALTORS?

The 17 Articles of the Code establish standards of conduct which the REALTOR® must satisfy. These Articles govern the REALTOR®'s conduct in everyday business dealings with clients, customers, and other REALTORS®.

Which branch of government does Article 1 outline?

Article I describes the design of the legislative branch of US Government -- the Congress. Important ideas include the separation of powers between branches of government (checks and balances), the election of Senators and Representatives, the process by which laws are made, and the powers that Congress has.

Which article in the Code of Ethics requires REALTORS to treat all parties fairly?

Article 10 of the Realtor Code of Ethics calls for equal treatment of buyers regardless of their race, gender, sexual orientation, handicap, or familial status. A realtor has the duty of treating the public fairly.

What is 1 Introduction to ethics?

Ethics is concerned with what is good for individuals and society and is also described as moral philosophy. The term is derived from the Greek word ethos which can mean custom, habit, character or disposition. Ethics covers the following dilemmas: how to live a good life.

What does the code of ethics say?

A code of ethics sets out an organization's ethical guidelines and best practices to follow for honesty, integrity, and professionalism. For members of an organization, violating the code of ethics can result in sanctions including termination.

What is right code of ethics?

Generally, a code of ethics should include the six universal moral values, where you state that you expect an employee to be trustworthy, respectful, responsible, fair, kind, and good citizens. Honorable mentions include adding that your business celebrates diversity, green practices, and proper dress codes.

What does Article 1 of the Constitution explain quizlet?

Article 1 gives Congress its powers and limits. Congress is the branch of the government who can make laws for the country. Article 1 also creates the two sections of Congress, the Senate and the House of Representatives.

What is Article 1 of the Constitution mainly about quizlet?

What is the focus of Article I? Article 1 of the U.S. Constitution gives Congress its powers and limits. Congress is the legislative branch of the government, meaning they are the ones to make laws for the United States of America.

Why is Article 1 the longest?

The Constitution's first article is by far its longest. Its ten sections lay out the structure of the legislative branch and—more than anywhere else in the document—enumerate the powers to be exercised by the federal government.

How many sections does Article 1 have?

United States Constitution

Article I is made up of ten sections, which can be thought generally of as answering three separate questions: What is the Congress (Sections 1-3)?

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