Code of Ethics (Real Estate)

A code of ethics is a formal set of rules and principles that establishes standards of professional conduct for members of a particular profession and governs their responsibilities to clients, colleagues, and the public. It outlines expectations for honesty, integrity, competence, and fairness, helping to promote trust and professionalism within the industry. In real estate practice, the REALTOR® Code of Ethics and Standards of Practice is a well-known example, setting forth specific duties related to agency relationships, disclosures, advertising, and cooperation among real estate professionals. Adherence to a code of ethics is often a condition of membership in a professional organization, and violations may result in disciplinary action, including fines or loss of membership.