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The Code of Ethics consists of seventeen Articles and related Standards of Practice. The Code's basic principles care be summarized as follows:

Duties to Clients and Customers:

Article 1 REALTORS® protect and promote their clients' interests while treating all parties honestly.

Article 2 REALTORS® refrain from exaggeration, misrepresentation or concealment of pertinent facts related to property or transactions.

Article 3 REALTORS® cooperate with other real estate professionals to advance their client's best interests.

Article 4 When buying or selling on their own account or for their families or firms, REALTORS® make their true position or interest known.

Article 5 REALTORS® do not provide professional services where they have any present or contemplated interest in property without disclosing that interest to all affected parties.

Article 6 REALTORS® disclose any fee or financial benefit they may receive from recommending related real estate products or services.

Article 7 REALTORS® receive compensation from only one party, except where they make full disclosure and receive informed consent from their client.

Article 8 REALTORS® keep entrusted funds of clients and customers in a separate escrow account.

Article 9 REALTORS® make sure that contract details are spelled out in writing and that parties receive copies.

Duties to the Public:

Article 10 REALTORS® give equal professional service to all clients and customers irrespective of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® also do not discriminate in their Real Estate employment practices concerning any of the areas listed above.

Article 11 REALTORS® are knowledgeable and competent in the fields of practice in which they engage or they get assistance from a knowledgeable professional, or disclose any lack of expertise to their client.

Article 12 REALTORS® paint a true picture in their advertising and in other public representations.

Article 13 REALTORS® do not engage in the unauthorized practice of law.

Article 14 REALTORS® willingly participate in professional standards proceedings and enforcement actions.

Duties to REALTORS ®:

Article 15 REALTORS® make only truthful, objective comments about other real estate professionals.

Article 16 REALTORS® respect the exclusive agency and other exclusive relationships recognized by law that other REALTORS® have with their clients.

Article 17 REALTORS® arbitrate financial disagreements with other REALTORS® and with their clients.

Please remember that this is simply a general overview of the Code's key principles. For additional information on the Code of Ethics and its enforcement, contact your local association of REALTORS®. To view the entire Code of Ethics and Standards of Practice, please visit http://www.REALTOR.org