The Code of Ethics and Standards of Practice is designed for whom to adhere to?

The Code of Ethics and Standards of Practice is specifically designed for REALTORS, as it sets forth the principles and rules that govern their professional conduct and practices. REALTORS are members of the National Association of REALTORS (NAR), which requires adherence to these ethical guidelines in order to maintain the integrity of the real estate profession. The Code promotes honesty, transparency, and fair treatment among clients and other professionals, ensuring that REALTORS act with professionalism and uphold the interests of their clients and the industry at large.

While other groups mentioned, such as homebuyers, real estate brokers, and real estate investors, may be affected by the ethical standards set by REALTORS, they are not bound by the Code of Ethics in the same way. Homebuyers and real estate investors are consumers of services rather than providers, and while brokers may follow certain ethical standards, it is the REALTORS who are specifically governed by the NAR's Code. This distinction is important as it highlights the responsibility of REALTORS toward maintaining ethical standards within their practice.