Preamble Show The REALTOR® Code of Ethics of The Canadian Real Estate Association (CREA) is universally recognized by real estate professionals and consumers alike as the measure of professionalism in real estate. The REALTOR® Code is intended to define the high standard of performance the public has a right to expect from those licensed to display the REALTOR® trademark. In the same manner that the real estate marketplace is a dynamic, demanding environment, so the REALTOR® Code is, has been, and will continue to be a demanding document; a plan for professionalism in real estate, capable of including and accommodating every change, challenge and controversy which arises. The REALTOR® Code has been amended many times over the years to reflect the changing needs of the public and the values of society. The REALTOR® Code was revised in 2004 to accommodate new technologies and an evolving marketplace and to focus on the REALTOR® trademark as an assurance of a high level of brokerage service and protection. Any charge filed shall read as a violation of the REALTOR® Code and/or one or more of the Articles of the Standards of Business Practice. An Interpretation may only be cited in support of the charge or the defence. Penalties for violation of the REALTOR® Code shall be established by the local board or other body authorized to conduct discipline proceedings. The REALTOR® Code As REALTORS®, we are
committed to: Article 1: Informed of Essential Facts Article 2: Disclosure of Role-Agency Article 3: Primary Duty to Client Article
4: Discovery of Facts Article 5: Written Service Agreements Article 6: Written Transaction Agreements Article 7: Expenses Related to Transaction Article 8: Disclosure of Benefits to Clients Article 9: Disclosure of Benefits to Customers Article 10: Outside Professional Advice Article 11: Personal Interest in Property Article 12: Skilled and Conscientious Service Article 13: Advertising Content/Accuracy Article 14: Advertising Listings of Other REALTORS® Article 15: Advertising Claims Article 16:
Discrimination Article 17: Compliance With Board/Association By-laws Article 18: Compliance With Statutory Requirements Article 19: Discrediting Another Registrant Article 20: Respecting Contractual Relationships Article 21: Conduct Unbecoming Article 22: Principal (Broker) Responsibility Article 23: Cooperation With Board/Association Article 24: Arbitration Article 25: Inter-Board and Inter-Provincial Arbitration Article 26: Avoid Controversies Article 27: CREA Trademarks Article 28: Intellectual Property Rights of Boards/Associations Article 29: REALTORS® Acting as Principal What are the 3 major sections of the Code of Ethics?The Code of Ethics is divided into three major sections, "Duties to Clients and Customers," "Duties to the Public," and "Duties to REALTORS."
What does Article 1 of the Code of Ethics mean?Article 1 states: When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS pledge themselves to protect and promote the interest of their client. This obligation to the client is primary, but it does not relieve REALTORS of their obligation to treat all parties honestly.
How many articles are included in the 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.
What's the one purpose of the preamble to the Code of Ethics?“The Preamble to the Code is the aspirational basis for the ethical concepts that REALTORS® believe in. Included are the core concepts of honesty, integrity, fairness, and moral conduct in business relations.
|