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What is the Realtor Code of Ethics

Wednesday, July 28, 2021   /   by Mitch Stein

What is the Realtor Code of Ethics

Realtors subscribe to a strict code of ethics. Let's take a look at what that means for their clients.

Realtors pledge to protect and promote the interest of their clients while representing them as an agent. Realtors avoid exaggeration and misrepresentation and don't conceal any pertinent facts relating to the property or the transaction. Realtors cooperate with other brokers except when cooperation is not in their client's best interest. Realtors don't present offers from themselves or from any members of their immediate family, firm, or any entities that they have any ownership interest in without making their true position known to the owner or the owner's agent or broker. Realtors don't accept any commission, rebate, or compensation from more than one party, even if permitted by law without disclosure to all the parties and the informed consent of their client.

With respect of the monies that come into a realtor's possession held in trust for other persons such as escrows, trust funds, client monies, and other like items, realtors keep these monies in a special account in an appropriate financial institution, and separate from their own funds. For protection of their own parties, realtors assure that whenever possible, all agreements are in writing and in a clear and understandable language expressing the specific terms, conditions, obligations, and commitments of the parties.

The term realtor has come to mean competency, fairness, and high integrity as a result of adhering to ideals of moral conduct in all of their business relations.

If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070. Mitchell Stein License# 0208163

Stein Team Realty - Keller Williams College Park
Mitchell Stein Dre# 02081632
2440 W Arrow Route #5C
Upland, CA 91786
DRE# 01885348

Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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