Cedar City-Real Estate Good or Bad?

It is one of America’s financial engines and we need all the help today America can get.

We Realtors work for the public. That is how the Code of Ethics National Association of Realtors prescribes it.

Preamble

Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. REALTORS should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.

Such interest imposes obligations beyond those of ordinary commerce. They impose grave social responsibility and a patriotic duty to which REALTORS should dedicate themselves, and for which they should be diligent in preparing themselves. REALTORS, therefore, are zealous to maintain and improve the standards of their calling and share with their fellow REALTORS a common responsibility for its integrity and honor.

cedar city real estate good or bad

In recognition and appreciation of their obligations to clients, customers, the public, and each other, REALTORS continuously strive to become and remain informed on issues affecting real estate and, as knowledgeable professionals, they willingly share the fruits of their experience and study with others. They indentify and take steps through enforcement of this Code of Ethics and by assisting appropriate regulatory bodies, to eliminate practices which may damage the public or which might discredit or bring dishonor to the real estate profession.

Realizing that cooperation with other real estate professionals promotes the best interest of those who utilize their services, REALTORS urge exclusive representation of clients: do not attempt to gain any unfair advantage over their competitors; and they refrain from making unsolicited comments about other practitioners. In instances where their opinion is sought, or where REALTORS believe that comment is necessary, their opinion is offered in an objective, professional manner, uninfluenced by any personal motivation or potential advantage or gain.

The term REALTOR has come to connote competency, fairness, high integrity resulting from adherence to a lofty ideal of moral conduct in business relations. No inducement of profit and no instruction from clients ever can justify departure from this ideal.

In the interpretation of this obligation, REALTORS can take no safer guide than that which has been handed down through centuries, embodied in the Golden Rule,

”WHATEVER YE WOULD LIKE OTHERS SHOULD DO TO YOU, DO YE EVEN SO TO THEM.”

Accepting this standard as their own, REALTORS pledge to observe its spirit in all of their activities and to conduct their business in accordance with the tenets set forth below.

  • Protect and promote your client’s interests, but be honest with all parties.
  • Avoid exaggerations, misrepresentation, and concealment of pertinent facts.
  • Do not reveal facts that are confidential under the scope of your agency relationship.
  • Cooperate with other real estate professionals to advance your client’s best interest.
  • When buying or selling make your position in the transaction known.
  • Disclose present or contemplated interest in any property to all parties.
  • Avoid side deals without your client’s informed consent.
  • Accept compensation from only one party, except with full disclosure and informed consent.
  • Keep the funds of clients and customer in escrow.
  • Assure, whenever possible, that transactional details are in writing.
  • Provide equal service to all clients and customers.
  • Be knowledgeable and competent in the fields of practice in which you ordinarily engage.
  • When providing service in fields you are unfamiliar with, obtain assistance from a knowledgeable professional or, at a minimum, disclose your lack of expertise to your client.
  • Present a true picture in your advertising and other public representations.
  • Do not engage in the unauthorized practice of law.
  • Be a willing participant in the code of enforcement procedure.
  • Ensure that your comments about other real estate professionals are truthful, and not misleading.
  • Respect the Agency relationships of other REALTORS.
  • Arbitrate contractual disagreements with other REALTORS and with your clients.
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