NAR Code of Ethics

Question 1

NAR Code of Ethics: Article 1

Answer 1

When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve REALTORS® of their obligation to treat all parties honestly. When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, REALTORS® remain obligated to treat all parties honestly

Question 2

NAR Code of Ethics: Article 1

Answer 2

When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, REALTORS® remain obligated to treat all parties honestly

Question 3

NAR Code of Ethics: Article 2

Answer 3

REALTORS® shall avoid exaggeration, misrepresentation, or concealment of pertinent facts relating to the property or the transaction. REALTORS® shall not be obligated to discover latent defects in the property, to advise on matters outside the scope of their real estate license, or to disclose facts which are confidential under the scope of agency or non-agency relationships as defined by state law.

Question 4

NAR Code of Ethics: Article 1

Answer 4

• • REALTORS pledge themselves to protect and promote the interests of their client.
• • REALTORS are obligated to treat all parties honestly.

Question 5

NAR Code of Ethics: Article 3

Answer 5

REALTORS® shall cooperate with other
brokers except when cooperation is not in
the client’s best interest.

Question 6

NAR Code of Ethics: Article 3

Answer 6

The obligation to
cooperate does not include the obligation
to share commissions, fees, or to otherwise
compensate another broker.

Question 7

NAR Code of Ethics: Article 3

Answer 7

The obligation to cooperation with other brokers

Question 8

NAR Code of Ethics: Article 1

Answer 8

The obligation to treat all parties fairly

Question 9

NAR Code of Ethics: Article 1

Answer 9

The obligation to protect and promote the interests of the client

Question 10

NAR Code of Ethics: Article 2

Answer 10

REALTORS® shall not be obligated to discover latent defects in the property

Question 11

NAR Code of Ethics: Article 2

Answer 11

REALTORS® shall not be obligated to advise on matters outside the scope of their real estate license

Question 12

NAR Code of Ethics: Article 2

Answer 12

REALTORS® shall not be obligated to disclose facts which are confidential under the scope of agency or non-agency relationships as defined by state law.