What concept emphasizes honesty and integrity in dealings by REALTORS®?

What concept emphasizes honesty and integrity in dealings by REALTORS®?

• A. Conflict of Interest
• B. Truth in Advertising
• C. Code of Ethics
• D. Dual Agency

Answer: (C)

The concept that emphasizes honesty and integrity in dealings by REALTORS® is the Code of Ethics. This code serves as a guideline and a set of principles that govern the professional conduct of real estate agents. It is designed to protect the interests of clients and to uphold the reputation of the real estate profession as a whole. The Code of Ethics requires REALTORS® to be honest, transparent, and fair in their transactions, ensuring that they always act in the best interests of their clients while also treating all parties involved with respect and fairness. The inclusion of this ethical framework is crucial in maintaining trust within the real estate market, fostering a standard of practice that agents are expected to follow. This can include various aspects such as disclosing conflicts of interest, providing truthful information in advertising, and maintaining confidentiality. Thus, the Code of Ethics stands as a vital element in promoting accountability and professionalism among REALTORS®. The other concepts, while relevant in the context of real estate, do not encapsulate the overall commitment to honesty and integrity in the same comprehensive manner. Conflict of Interest pertains to situations where an agent’s interests could compromise their duty to a client, Truth in Advertising focuses on the accuracy of promotional material, and Dual Agency involves representation of both parties in a transaction, which can

The concept that emphasizes honesty and integrity in dealings by REALTORS® is the Code of Ethics. This code serves as a guideline and a set of principles that govern the professional conduct of real estate agents. It is designed to protect the interests of clients and to uphold the reputation of the real estate profession as a whole. The Code of Ethics requires REALTORS® to be honest, transparent, and fair in their transactions, ensuring that they always act in the best interests of their clients while also treating all parties involved with respect and fairness.

The inclusion of this ethical framework is crucial in maintaining trust within the real estate market, fostering a standard of practice that agents are expected to follow. This can include various aspects such as disclosing conflicts of interest, providing truthful information in advertising, and maintaining confidentiality. Thus, the Code of Ethics stands as a vital element in promoting accountability and professionalism among REALTORS®.

The other concepts, while relevant in the context of real estate, do not encapsulate the overall commitment to honesty and integrity in the same comprehensive manner. Conflict of Interest pertains to situations where an agent’s interests could compromise their duty to a client, Truth in Advertising focuses on the accuracy of promotional material, and Dual Agency involves representation of both parties in a transaction, which can