Real Estate Code of Ethics

Colorado is unique in so many ways - from the natural beauty of the Rocky Mountains to our beer brewing Mayor, John Hickenlooper. One of the most powerful differences is the way we do real estate. Yesterday I had the opportunity to take the National Association of Realtors® Ethics class. Here are a few of the things I learned:
- Our real estate Commission was voted #1 in the country for 9 years running.
- The NAR Code of Ethics & Standards of Practice contains 17 Articles outlining a code of conduct and establishes obligations that maybe higher than those mandated by law. These guidelines are geared to protect the consumer.
- Colorado is 1 of only 23 states in the nation with true Buyer Agency Relationship agreements. When I bought my first home in 1987 I was more than a little surprised to discover that even though I had a Buyer’s Agent, my agent in reality worked for the Seller as a sub-agent.
- Of the 41,000 real estate agents in Colorado only 24,000 subscribe to the NAR Code of Ethics. So the next time you buy, sell or invest in real estate make sure your agent has taken the Realtor® pledge.

I PLEDGE MYSELF
To protect the individual right of real estate ownership and to widen the opportunity to enjoy it;
To be honorable and honest in all dealings;
To seek better to represent my clients by building my knowledge and competence;
To act fairly towards all in the spirit of the 
Golden Rule;
To serve well my community, and through it my country;
To observe the REALTORS® Code of Ethics and conform my conduct to its lofty goals.

Great class Wally. Thanks for being a brilliant teacher!