What is the golden rule in real estate Ethics?

What is the Golden Rule of the Code of Ethics?

The golden rule is a philosophy for leading one’s life that suggests that other people should be treated fairly and with respect. Essentially, people act for the good of others, because they would like to be treated in the same way.

What are the 3 major sections of the Code of Ethics?

The Code of Ethics is divided into three major sections, “Duties to Clients and Customers,” “Duties to the Public,” and “Duties to REALTORS.”

What is Ethics in real estate?

Realtors must be fair and honest when advertising and accepting new clients. Communication with the public needs to be open, truthful and honest. Misrepresenting facts or claiming another realtor’s work is wrong. Realtors should not deny services to members of the public based on skin color, sex or nationality.

What does the Code of Ethics protect?

A code of ethics sets out an organization’s ethical guidelines and best practices to follow for honesty, integrity, and professionalism. For members of an organization, violating the code of ethics can result in sanctions including termination.

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What is an example of the Golden Rule?

The golden rule is a moral principle which denotes that you should treat others the way you want to be treated yourself. For example, the golden rule means that if you want people to treat you with respect, then you should treat them with respect too.

Why is the Golden Rule important?

What is The Golden Rule? It signifies the necessity to: “Do unto others as you would have them do unto you.” The concept is derived from the “Ethic Of Reciprocity,” which Wikipedia describes as a “reciprocal” or “two way” relationship between one’s self and others that involves both sides equally and in mutual fashion.

What are the 5 codes of ethics?

What are the five codes of ethics?

  • Integrity.
  • Objectivity.
  • Professional competence.
  • Confidentiality.
  • Professional behavior.

Is the Golden Rule quoted in the Code of Ethics Preamble?

Near the end of the Preamble, the timeless, universal principle of the Golden Rule is cited. Because the Code sets the ideals that we strive to attain, it is subjective in nature. As such, it cannot be used as a basis for disciplinary action against a REALTOR®.

Is the Golden Rule quoted in the Preamble?

In its final paragraphs, the Preamble cites the Golden Rule: “In the interpretation of (these) obligation(s), REALTORS® can take no safer guide than that which has been handed down through the centuries, embodied in the Golden Rule, ‘Whatsoever ye would that others should do to you, do ye even so to them.

What are the 7 principle of Ethics?

There are seven principles that form the content grounds of our teaching framework:

  • Non-maleficence. …
  • Beneficence. …
  • Health maximisation. …
  • Efficiency. …
  • Respect for autonomy. …
  • Justice. …
  • Proportionality.
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Why are Ethics important in real estate?

The real estate industry encourages the highest level of ethics in business practice to promote and preserve the right to own, use, exchange, and transfer real property. It’s imperative that practitioners within the industry know ethical standards, understand why they’re important, and abide by them.

Why are ethical values important in real estate?

Herbst says ethics should be at the heart of a real estate agent’s basic beliefs, that make up their morals and their standards. “We as real estate agents are responsible for supporting the owners and buyers we work with by being honest in our dealings.”

What is Article 10 of the REALTOR code of ethics?

A new Standard of Practice under Article 10 prohibiting discriminatory speech and conduct. REALTORS® must not use harassing speech, hate speech, epithets, or slurs based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.

What are the code of ethics?

A code of ethics or ethical code refers to a set of guidelines, standards, and principles that a company adopts and that must be adhered to by its workers. A code of ethics is usually in a written form. It is a document that outlines the core values and ethics of a business that professionals must live by.