What Home Buyers Should Know About the Realtor Code of Ethics

Buying a home is probably one of the biggest decisions that any individual can make, and having competent (and trustworthy) representation makes a big difference.

Put simply, realtors aren’t real estate agents and this is because they have been trained in the Realtor Code of Ethics when it comes to dealing with the real estate community as well as the public.

So, how does this help home buyers directly?

Here are eight articles of the Realtor Code of Ethics that should make it abundantly clear:

#1: Realtors have to protect their clients’ interests but also deal with all parties honestly.

#2: They are forbidden from exaggerating, misrepresenting or hinding important facts about properties or real estate transactions.

#3: They have to cooperate with other real estate professional so as to ensure their clients’ get a good deal.

#4: In the case of buying or selling for themselves, their families or the firms, they have to reveal their true position or interest.

#5: They have to make contracts out in writing, and send copies to both parties.

#6: Realtors cannot discriminate on the basis of religion, sexual orientation, color, sex, handicap, race, national origin or familial status but has to treat both their customers and clients equally.

#7: Realtors have to be honest when they advertise, market or are involved in other promotions.

#8: They are obligated to make honest and objective statements about other real estate professionals.

Without a doubt, realtors are held to very high standards of ethics, and which is why home buyers can trust them fully.