The NAR Code of Ethics and Professional Standards for Realtors
When someone is looking to buy or sell a home, they turn to a real estate agent. They are often responsible for a number of important steps, such as evaluating active listings, making appointments, presenting offers until an agreement is reached, and negotiating the best possible price for their client.
In order to meet all these demands, real estate agents must work long hours and often without pay. The stress can be intense. However, the rewards can be worth the effort. A good agent can make the process easier for you.
If you have never worked with a real estate agent, you might not be aware of all the benefits they can offer you. These professionals can help you evaluate all the properties in your area, as well as provide guidance and advice. They can also give you an estimate of the proceeds you can expect from a sale. Additionally, they can handle all of the paperwork for you.
Real estate professionals must adhere to the highest standards of professionalism, and this is reflected in the Code of Ethics & Professional Standards. The code is an enforceable document of ethics that covers a variety of topics, including advertising, fair housing, and treating clients with respect.
Realtors are required to pass a course on the NAR Code of Ethics every four years. This course provides them with a basic understanding of how they should conduct themselves, which is the most effective way to earn a living in the real estate industry.
The Code of Ethics consists of 17 articles and supporting standards of practice. It is an enforceable document that defines the duties of a Realtor and the duties of other Realtors. The code is updated annually to keep it current with current regulations and law.
One of the most important aspects of the NAR’s Code of Ethics is the way it works with real estate agents. The code is designed to promote fairness, honesty, and integrity. Since its inception, the code has been amended many times to ensure that it meets the needs of consumers.
The NAR’s consumer advertising campaign was launched in 1997. This campaign educates consumers about the advantages of working with a realtor. It also uses digital media and social networking to reach millennial buyers.
Another notable feature of the Code of Ethics is its ability to resolve conflict. In most cases, the Realtor who is most adept at handling a difficult situation will have a better chance of succeeding than their less experienced counterparts.
Buying or selling a home is a complicated process. It involves disclosures, legal contracts, and more. While most people can manage the process on their own, hiring a professional will make things go smoother.
If you are ready to get started, be sure to check with a few friends and colleagues before deciding which Realtor is right for you. Many people find that working with a REALTOR(r) is worthwhile in the long run.