Real Estate Ethics: Key to Professional Conduct

Who enforces the code of ethics primarily in the real estate industry?

a. the National Association of Realtors®
b. the local circuit courts
c. the small claims courts
d. the local association of Realtors®

Answer:

The code of ethics is enforced primarily by the National Association of Realtors®.

The Code of Ethics is enforced primarily by the National Association of Realtors (NAR). This code is an important tool that sets the standards of professional conduct and ethics that real estate agents should follow. The NAR is the largest trade organization of real estate professionals in the US. They have a duty to enforce ethical standards for real estate agents across the country.

The Code of Ethics is a set of rules and standards that guide the behavior of real estate professionals. These rules are meant to ensure that real estate agents act in the best interests of their clients and provide fair and honest service. The Code is enforced by local real estate boards, which are members of the National Association of Realtors.

The Code of Ethics is divided into three sections: Duties to Clients and Customers, Duties to the Public, and Duties to Other Realtors. These three sections outline the specific ethical responsibilities of real estate professionals, including honesty, integrity, and fairness.

In conclusion, the Code of Ethics is enforced primarily by the National Association of Realtors. This code sets the standards of professional conduct and ethics that real estate agents should follow. The Code is divided into three sections, and it outlines the specific ethical responsibilities of real estate professionals.