Notes & updates: None currently.

Realtors’ Code of Ethics

The average realtor you might do business with is an upstanding and honest professional. A realtor’s success depends on relationships and reputation. The National Association of Realtors’ Code of Ethics defines what many realtors believe are best practices, even without the Code. Still, you should look for a realtor who does subscribe to and advertises his or her commitment to the Code. The Code can be a useful tool in dealing with a broker who does not subscribe, because you can demand proper dealings on the threat of taking your business elsewhere.

Remember: Even if the broker self-adheres to the Code of Ethics, he or she may not provide legal advice to you. Though your broker owes you various legal duties, you must seek an attorney for legal advice.

  • A realtor has a duty to place the client’s interests over all other parties’ interests. A realtor must deal honestly with all parties. Note: While this is true, realtors almost always are paid on commission and will naturally feel self-interest. An attorney is the only counselor whom you can be certain is protecting your best interests.
  • Realtors must not intentionally deceive sellers about the market value of their homes in attempts to secure listings.
  • Realtors must not deceive buyers about savings or benefits buyers might receive by enlisting the realtor as a representative.
  • A realtor may represent a buyer and a seller in the same transaction only after fully disclosing the potential conflict to all parties and receiving informed consent from all parties.
  • Realtors must submit offers and counter-offers objectively and promptly.
  • Realtors are obliged to maintain client confidentiality during representation and after their agency is terminated. Realtors may not reveal clients’ confidential information, use clients’ confidential relationship to their clients’ disadvantage, or use clients’ confidential information to the advantage of the realtor or a third party unless the client consents after full disclosure, the realtor is required to do so by court order, the client intends to commit a crime and the disclosure is necessary to prevent the crime, or the disclosure is necessary to defend the realtor against an accusation of wrongful conduct.
  • When entering into a listing contract, the realtor must advise the seller of the company’s policies of cooperation with other agents; the fact that buyer’s agents, even if paid by the listing broker, will represent the buyer’s interests; and the potential for the listing broker to act as an agent to multiple parties, in multiple roles, with appropriate disclosures.
  • A realtor must avoid superlatives and must not misrepresent or conceal relevant facts regarding the property in a transaction. A realtor is not required to discover hidden defects, to disclose confidential facts, or to advise on matters outside the scope of their real estate license. Note: This includes the prohibition on practicing law without a license.
  • Realtors are obliged to discover and disclose adverse facts about the property that are reasonably apparent to someone with a similar level of real estate expertise.
  • A realtor may not misrepresent the availability of access to a listed property.
  • A realtor may not be paid by more than one party to a transaction without disclosure to all parties and informed consent of the realtor’s client.
  • A realtor must use reasonable care to ensure that all documents in the real estate transaction are kept current as the deal progresses.Realtors may not volunteer information about a neighborhood’s racial, religious, or ethnic composition or engage in any activity that may result in panicked selling. They may not print, display, or circulate any statement or advertisement indicating any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin

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Areas of Representation

We represent clients in the following areas (and around all of Minnesota):