The Houston Group and the real estate industry encourages the highest levels of ethics in its practice to promote and preserve the right to own, use, exchange, and transfer real property. Real estate ethics refers to practices in this field that are honest, protect customers, and follow the law. Unethical practice is prohibited in all aspects of real estate practice, including advertising, property disclosure, listing agreements, the holding of earnest money, and contract facilitation. It is important to know that real estate brokers and agents cannot offer legal or tax advice. Therefore, it is always in your best interest to seek legal or tax advice from an independent professional attorney or accountant.
NAR’s Code of Ethics, adopted in 1913, was one of the first codifications of ethical duties adopted by any business group. The Code ensures that consumers are served by requiring REALTORS® to cooperate with each other in furthering clients’ best interests. Below you will find the most current Code of Ethics and Standard of Practice by the National Association of REALTORS® effective January 1, 2022, as well as the state of Ohio Canon of Ethics.