REALTORS® Code of Ethics: Ensuring Fair and Truthful Business Conduct

What are REALTORS® required to refrain from according to Article 15 of the Code of Ethics?

a) Discriminatory practices

b) Misrepresentations

c) Advertising violations

d) Both A and B

Answer:

According to Article 15 of the Code of Ethics, REALTORS® must refrain from discriminatory practices and misrepresentations, ensuring fair and truthful business conduct in real estate.

Article 15 of the Code of Ethics requires REALTORS® to avoid discriminatory practices and misrepresentations, ensuring fair and truthful business conduct in real estate.

According to Article 15 of the Code of Ethics, REALTORS® must refrain from practices that are clearly unethical and discriminatory in nature. Specifically, Article 15 addresses avoiding both discriminatory practices and misrepresentations. This means that real estate professionals should neither engage in actions that result in unequal treatment of individuals based on personal characteristics nor provide false or misleading information.

REALTORS® are expected to uphold fair housing laws and ensure that their actions do not contribute to the kinds of discrimination evident in past housing market and lending practices. These include differential treatment on the basis of race or ethnicity or the making of misrepresentations in the advertising or sale of properties. Ethical real estate practices are crucial for fostering equal opportunities in housing and maintaining public trust in the industry.