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The first Code of Ethics specifically prepared for members of The Canadian Real Estate Association was approved by members in 1959. The Code establishes a standard of conduct, which in many respects exceeds basic legal requirements. This standard ensures that the rights and interests of consumers of real estate services are protected.
- REALTOR®_Code .pdf
In the quest for these high standards, REALTORS® in Canada...
- REALTOR®_Code .pdf
- Ethical Standards
- Enforcement and Punishment
- The Economic Theory of Crime
- Internalize Good Ethics
The main premise was that, despite our codes of ethics, the public perception is there that we are not to be trusted and that even within our ranks, complaints about the lack of adherence to ethical standards are common. The author did not state it directly but very directly implied there is a problem. I disagree with this premise, as perception is...
Okay, so back to the arguments about why real estate agents breach their code of ethics. The author dismissed the ignorance argument for most cases, and I agree with him. But then he also dismissed the enforcement argument because enforcement is too cumbersome for the plaintiff and is not intended to punish. Rather, enforcement is to demonstrate th...
Some researchers argue that punishment does not deter crime, but many argue it does, with the Economic Theory of Crimebeing a major theory. The Economic Theory of Crimeis basically an application of the theory of demand. In 1968, Nobel Laureate Gary Becker formalized the theory, which states that potential criminals are economically rational and re...
My experience as an instructor for an industry ethics course bears this out. Reassuringly, most attendees in the course who are there because they have to be and not because they want to be, seem to understand they broke the rules and accept their consequences in a rather cheerful manner. Still, there are always some who clearly demonstrate their d...
A REALTOR®’s ethical obligations must be based in these core values. The REALTOR® Code sets the standards high when it comes to professional conduct, which helps protect Canadians’ rights and interests. The first Code was approved in 1913 and has been amended many times to reflect changes in the real estate marketplace, the needs of ...
The Code of Ethics and Standards of Business Practice establish a REALTOR’S® ethical obligations to clients, fellow REALTORS®, their professional Associations, and others. CREA amends the code from time to time to reflect changes in the real estate marketplace, the needs of property owners, and the perceptions and values of society. The ...
In the quest for these high standards, REALTORS® in Canada have been bound together by a Code of Ethics since 1959. As REALTORS®, we accept a personal obligation to the public and to our profession. The Code of Ethics of The Canadian Real Estate Association embodies these obligations. As REALTORS®, we are committed to:
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The real estate code of ethics is a set of standards and practices established by the National Association of Realtors (NAR), serving as a compass for real estate professionals such as real estate agents and realtors. It outlines the moral obligations and professional responsibilities that practitioners in the industry are expected to uphold.
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Bulletin No. 1.1. Effective December 1, 2023. RECO Bulletins are a series of publications developed to provide helpful information to brokerages and real estate agents about their duties and obligations under the Trust in Real Estate Services Act, 2002, (TRESA) and its regulations. Bulletins may be updated as required.
