The Code of Ethics of the National Association of REALTORS® is a document which is universally recognized by lawyers and laymen as the measure of professionalism in the real estate industry. It does not describe the lowest common denominator of permissible behavior as do the licensing laws of the state. Instead, it outlines the highest ideals of professional performance the public, and other REALTORS®, have a right to expect from REALTORS®.
Client X listed his unique parcel of land on a lake exclusively with REALTOR® A, who worked diligently for months to sell Client X’s property. Finally, REALTOR® A came up with the idea of selling the property to the county for a park, and made arrangements for its presentation at a special meeting.
Client Z arrived at her mother’s condo, listed by REALTOR® H, where she found a stranger leaving through the opened front door and a prospective buyer in the bathroom. When confronted, the prospective buyer said she was there to meet with people to measure for blinds, a carpet installer and painters.