What is the 'Code of Ethics' in real estate?

The 'Code of Ethics' in real estate serves as a comprehensive framework of professional conduct for agents and brokers in the industry. This set of guidelines outlines the standards and responsibilities that practitioners are expected to uphold while conducting their business. It promotes integrity, fairness, and professionalism, ensuring that agents act in the best interests of their clients and maintain a high level of honesty in their transactions.

The Code of Ethics is vital for building trust within the industry and with consumers, as it establishes the ethical standards that govern interactions both among real estate professionals and between professionals and their clients. This code often encompasses principles such as confidentiality, loyalty, and disclosure, which are essential for maintaining ethical relationships.

While other aspects might have elements related to the practice of real estate, such as legal requirements or training protocols for new agents, they do not encapsulate the essence of the Code of Ethics. This code is specifically about the ethical obligations and professional behavior expected in the field, distinguishing it from marketing strategies or specific training programs.