REALTOR® Code of Ethics New Member Course
Lesson 07: Article 1
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Article 1: Standards of Practice
View each Standard of Practice:
1-1: REALTORS®, even when acting as principals in a transaction, must abide by the Code.
1-2: The Code applies to all real-estate related activites; applies to all brokerage relationships; and provides definitions of “client,” “customer,” "prospect," “agent,” and “broker.”
1-3: Do not deliberately mislead owners about market value of their property.
1-4: Do not mislead buyers about savings through buyer representation.
1-5: Dual representation can occur only with full disclosure and informed consent.
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