Realtor ethics guidelines and violations
Broadly, the NAR ethics code requires Realtors to act in their clients' best interest. Realtors are prohibited from misleading clients, failing to disclose relevant information, withholding offers, and other unsavory or manipulative practices. They are required to be honest and transparent in all client matters.
The ethics code also bans hiring discrimination, hate speech, and advertisement of preferential treatment to any demographic group.
Penalties associated with confirmed violations of the ethics code can include:
- Fines of as much as $15,000.
- Suspension or termination of membership.
- Mandated coursework.