What is the Business Ethics in Real Estate as a Profession?

Adherence to the highest moral standards in real estate is important because it involves doing what is right and fair. The seller and his agents must always work for the interests of the client and any third party in the sale. We’ve all heard the news about a sales contact who had a party in the house he booked, or about an agent who ate steaks in a client’s refrigerator. While these actions are not directly part of the real estate license law, many would agree that they are not examples of good

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The code of conduct for real estate comes from three sources.

• Government and national laws that focus on anti-apartheid laws and fair trade practices

• Housing licensing regulation at the state level dealing with agency issues and disclosures

• Self-regulation through a real estate agency that sets professional ethical standards