What is one of the qualities that signify good ethical practice in real estate?

Honesty is a fundamental quality signifying good ethical practice in real estate. In the industry, real estate professionals are entrusted with sensitive information and significant financial transactions. Clients expect transparency and truthfulness in every aspect of their dealings, from property valuations to disclosures about defects or issues. Being honest builds trust between agents and clients, which is essential for long-term relationships and successful transactions. Upholding honesty not only supports ethical practices but also complies with legal standards and promotes a positive reputation for the industry as a whole.

The other qualities mentioned—such as competitiveness, salesmanship, and networking—while important in their own right, are more focused on achieving individual success and improving business opportunities. They do not inherently encompass the ethical aspects central to building trust and ensuring fair dealings, which is where honesty plays a vital role.