Code of Ethics: Conclusion

The first realtor code of ethics was written in 1913, 100 years ago. It was presented at the National Association of Realtors (known then as the National Association of Real Estate Exchanges) annual convention in Winnipeg, Canada, in July. So, in recognition of the 100th birthday (July, 2013), I wanted to mention the duties that were important then.

The code was called the “Ethics of the Real Estate Profession—Adopted by National Association of Real Estate Exchanges.” This code was divided into 2 sections. The first was called “Duties to Clients” and the second section was called “Duties to Other Brokers.”

During that time, there were curbside real estate agents, robber barons, & sharks. There was misleading advertising, land fraud, forged deeds and notes, and other unscrupulous acts. In 1908, several real estate groups got together to create a national group. They communicated by letters and met annually. The reputable agents were dismayed that there continued to be illegal acts. The agents agreed that, at the annual meeting of 1913, they would create a code of ethics by which the agents would agree to behave. For more information about the NAR code, you can view this video:  http://www.realtor.org/videos/video-origins-of-the-code-of-ethics

There have been changes during the past 100 years. However, we who are real estate agents belonging to the National Association of Realtors have agreed to abide by the current Code of Ethics and can call ourselves a Realtor. The current Code of Ethics is available here: http://www.realtor.org/governance/governing-documents/the-code-of-ethics

As Realtors in Colorado, we are required to take an ethics class every 4 years. It is important to me to treat the buying public, my clients, and other brokers with respect and protect the trust in me and in the land. Yes, I take it seriously.