Topic · 10 policies
Ethics & misrepresentation
Code of Ethics, puffing vs. misrepresentation, conflicts of interest
- 10.4Code of EthicsEthics are governing moral values. Ethics comes down to what is considered as being fair and right. Most ethics systems are based upon the principle that one should…
- 10.5Standards of Ethical Conduct & BehaviorEthical conduct is good business. Ethical conduct is also legal conduct. Conversely, unethical conduct is bad business and unethical conduct is usually illegal. State…
- 10.16MisrepresentationCompany policy is to never misrepresent any facts to anyone at any time. The courts have traditionally defined misrepresentation as knowingly making a false statement…
- 10.18Conflict of InterestCompany policy prohibits any conduct in which a conflict of interest exists or could arise. Examples of these situations are as follows: - Information relating to…
- 10.20Misrepresenting Market ValueCompany policy is to never misrepresent market value to anyone. (REALTOR® Code Standard of Practice 1-3) A licensee is not permitted to knowingly make a false…
- 10.22Misrepresentation vs. PuffingThe Company recognizes that sales-speak (puffing) is a common practice within the real estate industry. When using sales-speak (puffing), Associates should never…
- 10.43Conflicts of InterestCompany policy is to avoid any situation where conflicts of interest could arise. Examples of conflicts of interest: - A licensee shows only those properties to…
- 10.44Referral Fees or Kickbacks Are ProhibitedCompany policy is to never accept or request any referral fee or kickback from lenders, escrow, title, or termite companies. Referral fees or kickbacks from lenders…
- 10.53Unauthorized Practice of LawCompany policy is that Associates do not practice law. A common example is the drafting of non-standard or common conditions or contingencies. Agents should refer the…
- 14.22Avoiding the Unauthorized Practice of LawCompany policy is that Associates are not to engage in the unauthorized practice of law. To do so is grounds for suspension or revocation of their real estate license…
