What ethical guidelines govern the professional conduct of REALTORS according to established standards?

The Code of Ethics and Standards of Practice is the foundational document that outlines the ethical obligations and professional conduct expected of REALTORS. This code serves as a comprehensive framework, detailing responsibilities toward clients, other professionals, and the public, thereby ensuring integrity and accountability within the real estate industry.

The Code is established by the National Association of REALTORS (NAR) and includes specific articles that address various scenarios that REALTORS may encounter in their professional dealings. This document is essential for maintaining trust in the industry, as it sets clear standards for ethical behavior, including honesty, transparency, and fair treatment.

In contrast, other options such as Professional Conduct Guidelines, Market Regulations, and Business Ethics Framework, while they may address ethics in a broader sense or pertain to different professions or industries, do not specifically govern the professional conduct of REALTORS in the same comprehensive way that the Code of Ethics does. Thus, the Code is the correct and most relevant choice when discussing the ethical guidelines that govern REALTORS.