What is the primary goal of the Code of Ethics in real estate?

The primary goal of the Code of Ethics in real estate is to encourage the highest standard of ethical business practice. This code serves as a guiding framework for real estate professionals, ensuring that they conduct their business in a manner that is fair, honest, and respectful towards clients, colleagues, and the broader community. By fostering ethical behavior, the Code aims to build trust within the industry and protect consumers' interests, ultimately enhancing the reputation of real estate professionals.

While outlining penalties for unethical behavior, mandating training requirements, or regulating commission structures may be associated with real estate practices, these aspects are not the core focus of the Code of Ethics. The emphasis is on promoting ethical standards, which helps create a culture of integrity and accountability in real estate transactions.