Streamlining Ethics: TRESA's Updated Code for REALTORS®

In the realm of real estate ethics, TRESA brings a noteworthy update to the Code of Ethics, redefining the landscape with a focus on integrity, quality of service, and conflict resolution. Here's a concise overview of the key tenets:

1. Matters Involving Integrity, Etc.

The Code succinctly outlines the ethical pillars that REALTORS® must adhere to, emphasizing courtesy, honesty, good faith, and integrity in all dealings.

2. Unprofessional Conduct and No Counselling Contraventions

REALTORS® are prohibited from engaging in acts deemed disgraceful, dishonorable, unprofessional, or that may undermine public confidence. Additionally, counseling or advising actions that contravene laws or regulations is strictly forbidden.

3. Conscientious, Competent, and Quality Service

The Code mandates REALTORS® to provide conscientious, courteous, and responsive service to clients, showcasing reasonable knowledge, skill, judgment, and competence.

4. Dealings with Self-Represented Parties

A critical provision prohibits REALTORS® from providing services, opinions, or advice to self-represented parties, ensuring fair and informed transactions.

5. Confidentiality and Conflicts of Interest

The Code underscores the importance of confidentiality, barring the disclosure of a client's confidential information without written consent. Furthermore, it addresses conflicts of interest, necessitating disclosure, advice to seek independent professional advice, and written consent.

6. Duties Towards Other Registrants and Obstruction Prohibition

REALTORS® must communicate with clients of other registrants through the respective registrants unless there's written consent. Prohibitions against obstruction ensure the smooth administration of the Act without interference.

7. Duty to Ensure Compliance

Brokerages shoulder the responsibility to ensure every employed salesperson and broker complies with the Regulation, with the broker of record overseeing overall compliance.

This streamlined and updated Code of Ethics reflects TRESA's commitment to a transparent, ethical, and professional real estate landscape, where clients and practitioners alike can navigate with confidence.