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REAL ETHICS by Steve Stazel | Jan
2006 | Index of all Real Ethics columns
Changes To The Code Of Ethics Effective Jan. 1
The National Association of REALTORS® approved three changes to the Code of Ethics effective Jan. 1, 2006. They are as follows:
Standard of Practice 1-13 was amended to say, “When REALTORS® are working with buyers or tenants, they should tell their clients that ‘sellers or sellers’ representatives may not treat the existence, terms, or conditions of offers as confidential unless confidentiality is required by law, regulation or agreement between the parties’”
Standard of Practice 1-15 was amended to say, “In response to inquiries from buyers or cooperating brokers, REALTORS® shall with the sellers’ approval, disclose the existence of other offers and also whether the offers came from the listing licensee, another licensee in that company, or a cooperating broker.”
Standards of Practice under Article 10 were clarified to prohibit REALTORS® in a residential transaction from volunteering demographic information involving race, ethnicity, or religious composition of a neighborhood, while permitting them to volunteer other demographic information and to permit REALTORS® in a commercial transaction to volunteer all demographic information.
Each month, the Aurora Association of REALTORSŪ Web site features Real Ethics,
a column by Steve Stazel devoted to explaining Code of
Ethics issues for members. A REALTORŪ since 1974, Stazel is a Professional Standards
instructor and senior Ethics
instructor for the Colorado Association of REALTORSŪ.
If you have an ethical concern or an issue you would like
to see addressed, please call Stazel at (303) 773-3333 or e-mail him at
stazels@msn.com. The comments of this article reflect the understanding and
opinions of the author and do not represent an official expression of policy by the National Association
of REALTORSŪ.
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