The National Association of Realtors' Ethical Guidelines

What are the ethical guidelines established by the National Association of Realtors known as?

a. The Code of Ethics

b. The Standards of Practice

c. The Professional Conduct Rules

Answer:

a. The Code of Ethics

The National Association of Realtors' (NAR) ethical guidelines are known as the Code of Ethics. These guidelines set the standard for ethical real estate practices and are essential for all Realtors to follow in their professional conduct.

The Code of Ethics ensures that Realtors conduct their business with honesty, integrity, and professionalism towards their clients and the general public. It upholds the highest standards of ethical behavior within the real estate industry.

Unlike general ethical guidelines, such as the American Sociological Association's ethical guidelines for research and scholarship, the NAR's Code of Ethics is specifically tailored to the real estate industry. It is periodically updated to reflect the evolving landscape of real estate and to maintain the highest level of ethical standards.