The National and Virginia Associations of REALTORS® are proud of members whose Realtor "R" stands for a solid commitment to the Realtor Code of Ethics, which turns 100 this year.
NAR's REALTOR® Code of Ethics turns 100 in 2013, and we here at the Virginia Association thought we'd bring you a little trivia quiz. How well do YOU know the history of the Realtor® Code?
The REALTOR Code of EthicsNew Member Orientation ProgramEvangeline Yia
All REALTORS® regardless of their specialty in the real estate business (appraisal, property management, etc.) are bound by the duties in the REALTORS®’ Code of Ethics.
NAR's REALTOR® Code of Ethics turns 100 in 2013, and we here at the Virginia Association thought we'd bring you a little trivia quiz. How well do YOU know the history of the Realtor® Code?
The REALTOR Code of EthicsNew Member Orientation ProgramEvangeline Yia
All REALTORS® regardless of their specialty in the real estate business (appraisal, property management, etc.) are bound by the duties in the REALTORS®’ Code of Ethics.
Why is being a member of ASPPA similar to being a West Point Cadet?Mark Mensack
While most professional organizations have some sort of code of conduct, the West Point and ASPPA codes contain affirmative ethical obligations? While most ethical codes contain negative ethical obligations such as, “don’t lie cheat or steal;” the ASPPA code mandates an affirmative obligation to take action in certain situations.
This continuing education session examines the underlying components of the ASPPA Code of Professional Conduct particularly affirmative and negative ethical obligations; the moral hazard facing the clients of ASPPA members and the members’ affirmative ethical obligation to act; and some of the common ethical pitfalls facing fiduciary clients who work with non-fiduciary service providers.
Insider Lease Agreements (Series: Ethical Issues in Real Estate-Based Bankrup...Financial Poise
It is a common play in real estate to create a separate operating entity to serve as a tenant and execute a lease between the owner of the property and himself. Typically, this happens in assets which serve as a real estate-based business, such as a retail property. The structure enables the operator to reduce the taxable income of the business and also provide a liability shield for the property owner. This arrangement can lead to some ethical issues should the property owner become distressed. For example, is the lease amount above market and therefore being used to inflate the property valuation? Is rent actually being paid? Is there a proper lease in place or just an internal handshake? Attorneys need to understand the set-up in order to know what is in bounds and what is outside the lines. This webinar looks at this leasing structure and examines the issues that may arise.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/insider-lease-agreements-2020/
Collateral value is the foundation of all lending transactions, but even the most traditional valuation techniques require a blend of art science and require debtors and practitioners to incorporate their judgment. Where is the line between reasonable judgment and gaming the system to arrive at a valuation that skews the fact pattern to one party’s favor? This webinar presents practice pointers on how to use the ABA Model Rules as a guide to navigating ethical issues in real estate valuation. Model Rules addressed may include those that govern the client-lawyer relationship (Rule 1.1 through 1.3); those that speak to the need for candor toward the tribunal and fairness to an opposing party and counsel (Rule 3.3 through 3.4); and the necessity for truthfulness in statements to others and issues surrounding unrepresented persons (i.e. Rule 4.1 through 4.3).
Part of the webinar series: Ethical Issues in Real Estate-Based Bankruptcies 2022
See more at https://www.financialpoise.com/webinars/
9/8 THUR 14:30 | Ethics and Related ProfessionsAPA Florida
Paul Farmer
Valerie Hubbard
Planners’ achievements are almost always secured through collaboration with those in other professions. Attorneys, city/county managers, architects and engineers all have their own
responsibilities and their own ethics codes. Both professional expertise and professional ethics among professions might differ, overlap, or sometimes conflict. How can planners navigate
these waters while meeting their responsibilities to clients, colleagues and the public interest?
It is a common play in real estate to create a separate operating entity to serve as a tenant and execute a lease between the owner of the property and himself. Typically, this happens in assets which serve as a real estate-based business, such as a retail property. The structured enables the operator to reduce the taxable income of the business and also provide a liability shield for the property owner. However, this arrangement can easily lead to some ethical issues, should the property owner become distressed. Where is the line between a savvy real estate strategy and unethical behavior? This webinar presents practice pointers on how to use the ABA Model Rules as a guide to navigating ethical issues in Insider Lease Agreements. Model Rules addressed include those that govern the client-lawyer relationship (Rule 1.7: Conflict of Interest: Current Clients); those that speak to the need for candor toward the tribunal and fairness to an opposing party and counsel (Rule 3.3 through 3.4); and the necessity for truthfulness in statements to others and issues surrounding unrepresented persons (i.e. Rule 4.3).
Part of the webinar series: ETHICAL ISSUES IN REAL ESTATE-BASED BANKRUPTCIES 2022
See more at https://www.financialpoise.com/webinars/
Valuing Real Estate Assets (Series: Ethical Issues in Real Estate-Based Bankr...Financial Poise
As the expression goes, the value of real estate is in the eye of the beholder. Ultimately, the value is whatever the market is willing to pay. While income producing properties, particularly with credit worthy tenants, may be fairly routine to value based on current rate of return demands in the market, non-income producing properties may be more speculative. For example, even the most seasoned appraiser may struggle with finding comparative sales for a property. A landowner might see their property value go up exponentially “if only” the city council will allow for a zoning variance. Many an owner believes their property is in the “path of progress”, but when? Is it reasonable to value a property “as stabilized” if it is only forty percent leased? These are the types of questions we will consider.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/valuing-real-estate-assets-2020/
This Presentation is all about business law, it's characteristics, types and so on. The difference between law and ethics are also given. Significance and Principles of business law is also described in brief.
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
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Why is being a member of ASPPA similar to being a West Point Cadet?Mark Mensack
While most professional organizations have some sort of code of conduct, the West Point and ASPPA codes contain affirmative ethical obligations? While most ethical codes contain negative ethical obligations such as, “don’t lie cheat or steal;” the ASPPA code mandates an affirmative obligation to take action in certain situations.
This continuing education session examines the underlying components of the ASPPA Code of Professional Conduct particularly affirmative and negative ethical obligations; the moral hazard facing the clients of ASPPA members and the members’ affirmative ethical obligation to act; and some of the common ethical pitfalls facing fiduciary clients who work with non-fiduciary service providers.
Insider Lease Agreements (Series: Ethical Issues in Real Estate-Based Bankrup...Financial Poise
It is a common play in real estate to create a separate operating entity to serve as a tenant and execute a lease between the owner of the property and himself. Typically, this happens in assets which serve as a real estate-based business, such as a retail property. The structure enables the operator to reduce the taxable income of the business and also provide a liability shield for the property owner. This arrangement can lead to some ethical issues should the property owner become distressed. For example, is the lease amount above market and therefore being used to inflate the property valuation? Is rent actually being paid? Is there a proper lease in place or just an internal handshake? Attorneys need to understand the set-up in order to know what is in bounds and what is outside the lines. This webinar looks at this leasing structure and examines the issues that may arise.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/insider-lease-agreements-2020/
Collateral value is the foundation of all lending transactions, but even the most traditional valuation techniques require a blend of art science and require debtors and practitioners to incorporate their judgment. Where is the line between reasonable judgment and gaming the system to arrive at a valuation that skews the fact pattern to one party’s favor? This webinar presents practice pointers on how to use the ABA Model Rules as a guide to navigating ethical issues in real estate valuation. Model Rules addressed may include those that govern the client-lawyer relationship (Rule 1.1 through 1.3); those that speak to the need for candor toward the tribunal and fairness to an opposing party and counsel (Rule 3.3 through 3.4); and the necessity for truthfulness in statements to others and issues surrounding unrepresented persons (i.e. Rule 4.1 through 4.3).
Part of the webinar series: Ethical Issues in Real Estate-Based Bankruptcies 2022
See more at https://www.financialpoise.com/webinars/
9/8 THUR 14:30 | Ethics and Related ProfessionsAPA Florida
Paul Farmer
Valerie Hubbard
Planners’ achievements are almost always secured through collaboration with those in other professions. Attorneys, city/county managers, architects and engineers all have their own
responsibilities and their own ethics codes. Both professional expertise and professional ethics among professions might differ, overlap, or sometimes conflict. How can planners navigate
these waters while meeting their responsibilities to clients, colleagues and the public interest?
It is a common play in real estate to create a separate operating entity to serve as a tenant and execute a lease between the owner of the property and himself. Typically, this happens in assets which serve as a real estate-based business, such as a retail property. The structured enables the operator to reduce the taxable income of the business and also provide a liability shield for the property owner. However, this arrangement can easily lead to some ethical issues, should the property owner become distressed. Where is the line between a savvy real estate strategy and unethical behavior? This webinar presents practice pointers on how to use the ABA Model Rules as a guide to navigating ethical issues in Insider Lease Agreements. Model Rules addressed include those that govern the client-lawyer relationship (Rule 1.7: Conflict of Interest: Current Clients); those that speak to the need for candor toward the tribunal and fairness to an opposing party and counsel (Rule 3.3 through 3.4); and the necessity for truthfulness in statements to others and issues surrounding unrepresented persons (i.e. Rule 4.3).
Part of the webinar series: ETHICAL ISSUES IN REAL ESTATE-BASED BANKRUPTCIES 2022
See more at https://www.financialpoise.com/webinars/
Valuing Real Estate Assets (Series: Ethical Issues in Real Estate-Based Bankr...Financial Poise
As the expression goes, the value of real estate is in the eye of the beholder. Ultimately, the value is whatever the market is willing to pay. While income producing properties, particularly with credit worthy tenants, may be fairly routine to value based on current rate of return demands in the market, non-income producing properties may be more speculative. For example, even the most seasoned appraiser may struggle with finding comparative sales for a property. A landowner might see their property value go up exponentially “if only” the city council will allow for a zoning variance. Many an owner believes their property is in the “path of progress”, but when? Is it reasonable to value a property “as stabilized” if it is only forty percent leased? These are the types of questions we will consider.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/valuing-real-estate-assets-2020/
This Presentation is all about business law, it's characteristics, types and so on. The difference between law and ethics are also given. Significance and Principles of business law is also described in brief.
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Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
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Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
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The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
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Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
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1. REALTOR® CODE OF ETHICS
A C E N T U RY OF C OM M I T M E N T TO
E X C E L L E N C E I N R E A L E S TAT E P R A C T I C E
2. In 2008, the National Association of
REALTORS® celebrated 100 years of
A Century of consumer protection and education of
Pride and REALTOR® members.
Professionalism
In 1913, the REALTOR®
Code of Ethics was adopted in
Winnipeg, Canada
3. a primary reason for NAR’s formation
Why was the establishment of ethical
the Code Exists standards
no license laws or regulations for real
estate professionals existed 100
years ago
buyers and sellers had to be careful of
unethical and self-serving real estate
dealers
4. NAR’s founders believed that
Why
brokerage must:
the Code Exists
be organized
be regulated
hold its members to high standards
NAR’s founders wanted these high
standards enforced to protect buyers
and sellers
5. The First Code contained 23 Articles
of Ethics 1913 set forth duties to other brokers and
clients
many of the original Articles remain
essentially unchanged, e.g., the
concept of cooperation and resolving
disputes through arbitration
6. The Code The Code is a living, growing (and
Changes sometimes shrinking) document.
First Code: 23 Articles
Current Code: 17 Articles
Longest Code: 36 Articles (1915)
Shortest Code: 17 Articles (currently,
since 1994)
Undergoes continuous review and
scrutiny
Code has been amended approx. 40
times since 1913
7. Structure of the Preamble (aspirational)
Code of Ethics Three sections
Duties to clients and customers
Duties to the public
Duties to other REALTORS®
17 Articles (enforceable)
88 Standards of Practice
8. Code represents a “gift of vision”
of professionalism
The Code’s
Preamble the “Golden Rule”
private ownership of land
“Under all is the land”
indispensable to a viable
democracy and prosperous
society
common responsibility for
integrity and honor
9. Structure of the 17 Articles
Code of Ethics each section is comprised of
Articles – broad statements of
ethical principles
only Articles of the Code may be
alleged to have been violated. A
REALTOR® may only be
disciplined for violating an Article.
10. Structure of the Standards of Practice
Code of Ethics support, interpret, and amplify
each Article
may not be alleged to have been
violated, but may be cited in
support of an alleged violation of
an Article
11. Basic Principles Article 1:
of the Protect and promote your client’s
Code of Ethics
interests, but be honest with all
parties.
12. Basic Principles Article 2:
of the Avoid exaggeration,
Code of Ethics
misrepresentation, and
concealment of pertinent facts.
Do not reveal facts that are
confidential under the scope of your
agency relationship.
13. Basic Principles Article 3:
of the Cooperate with other real estate
Code of Ethics
professionals to advance your
client’s best interests.
14. Basic Principles Article 4:
of the When buying for yourself,
Code of Ethics
immediate family, your firm, or
any member thereof, make your
true position in the transaction
known to the owner or owner’s
broker.
15. Basic Principles Article 4 (continued):
of the When selling property you own,
Code of Ethics
or in which you have a legal
interest, reveal your ownership
or interest in writing to the
purchaser or purchaser’s
representative.
16. Basic Principles Article 5:
of the Disclose your present or
Code of Ethics
contemplated interest in any
property to all parties.
17. Basic Principles Article 6:
of the Avoid side deals without your
Code of Ethics
client’s informed consent.
When recommending real estate
products or services, disclose any
financial benefit or fee you will
receive as a result of the
recommendation.
18. Basic Principles Article 7:
of the Accept compensation from only one
Code of Ethics
party, except with full disclosure to
all parties and the informed consent
of your client(s).
19. Basic Principles Article 8:
of the Keep the funds of clients and
Code of Ethics
customers in a special account in
an appropriate financial institution,
separate from your own money.
20. Basic Principles Article 9:
of the Assure, whenever possible, that
Code of Ethics
transactional details are in
writing, in clear and
understandable language.
Provide a copy of each
agreement to each party upon
their signing or initialing.
21. Basic Principles Article 10:
of the Provide equal service to all clients
Code of Ethics
and customers.
Do not discriminate in your
employment practices against any
person on the basis of race, color,
religion, sex, handicap, familial
status, national origin, or sexual
orientation.
22. Basic Principles Article 11:
of the Be knowledgeable and competent
Code of Ethics
in the fields of practice in which you
ordinarily engage. Obtain
assistance or disclose lack of
experience, if necessary.
23. Basic Principles Article 12:
of the Communicate honestly in all of your
Code of Ethics
real estate communications.
Present a true picture in your
advertising, marketing and all
representations.
24. Basic Principles Article 13:
of the Do not engage in the unauthorized
Code of Ethics
practice of law. Recommend that
legal counsel be obtained when the
interest of any party to the
transaction requires it.
25. Basic Principles Article 14:
of the Place all pertinent facts before the
Code of Ethics
proper tribunal:
grievance committee functions
like a grand jury
hearing panel functions like a
judge and jury
board of directors functions like
an appellate body
26. Basic Principles Article 14 (continued):
of the Be a willing participant in Code
Code of Ethics
enforcement procedures.
Take no action to disrupt or
obstruct the Code enforcement
process.
27. Basic Principles Article 15:
of the Ensure that your comments
Code of Ethics
about other real estate
professionals are truthful, and
not misleading. Make no false
or misleading statements about
other real estate professionals,
their businesses or their
business practices.
28. Basic Principles Article 16:
of the Respect the exclusive
Code of Ethics
representation or exclusive
brokerage relationship agreements
that other REALTORS® have with
their clients.
29. Basic Principles Article 17:
of the Arbitrate and mediate contractual
Code of Ethics
and specific non-contractual
disputes (see Standard of Practice
17-4) with other REALTORS® and
with your clients.
30. The “blueprint” for administering the
How the Code is professional standards process to
Enforced: enforce the Code and resolve
Code of Ethics and
Arbitration Manual financial disputes between
REALTORS®
Features Case Interpretations – fact
situations to which each Article and/or
Standard of Practice are applied.
31. How the Code is Enforced:
Professional Standards Process
Ethics Complaint Staff Arbitration Request
Dismiss or refer for Dismiss or refer for
Grievance Committee
hearing (with or hearing on mandatory
without amending) or voluntary basis
Hearing Panel
Affirm if no appeal; Board of Directors After hearing, award is
otherwise hear appeal. final, if no procedural
review requested
32. Letter of Warning
Letter of Reprimand
How the Code
is Enforced: Education
Authorized Fine not to exceed $5,000
Hearing Panel
Probation for 1 year or less
Discipline
Suspension for not less than 30
days nor more than one year
Expulsion from membership for a
period of 1 to 3 years
Suspension or termination of MLS
privileges
33. REALTOR® Code of Ethics Centennial:
A Century of Pride and
Professionalism
For the last 100 years,
t h e R E A LT O R ® C o d e o f E t h i c s
has held members of the
National Association to a
higher criterion of excellence,
reaffirming their commitment to encouraging and
protecting property ownership and
ensuring wise stewardship of our nation’s
land and resources.
34. REALTOR® Code of Ethics Centennial:
A Century of Pride and
Professionalism
I n i t s s e c o n d c e n t u r y, t h e C o d e w i l l
continue to adapt to the needs of a
vibrant, professional, ethical
real estate community and continue
t o d i s t i n g u i s h R E A LTO R S ® a n d
t h e i r c o m m i t m e n t t o i n t e g r i t y.
35. REALTOR® Code of Ethics Centennial:
A Century of Pride and
Professionalism
For more information on how you can
celebrate the Code of Ethics Centennial,
please visit
h t t p : / / w w w . r e a l t o r. o r g / c o e c e n t e n n i a l
Or contact the Member Policy Department at
t h e N a t i o n a l A s s o c i a t i o n o f R E A LT O R S ® :
Te l e p h o n e : 8 0 0 - 8 7 4 - 6 5 0 0 , e x t e n s i o n 8 3 9 9
E m a i l : M e m b e r _ p o l i c y @ r e a l t o r. o r g