What is a key characteristic of the Code of Ethics of the National Association of REALTORS®?

The key characteristic of the Code of Ethics of the National Association of REALTORS® being described as ahead of its time and an icon in business ethics highlights its progressive nature and foundational principles that continue to influence real estate practices. Established in 1913, the Code was revolutionary in its commitment to ethical conduct, emphasizing honesty, integrity, and fairness in real estate transactions.

Its relevance has endured as it adapts to changing market conditions and societal expectations, maintaining its status as a benchmark for professional conduct within the field. By prioritizing the interests of clients and the public, it serves as a guiding framework for REALTORS®, promoting professionalism that fosters trust and respect in the industry. This alignment with ethical business practices not only elevates the profession but also protects consumers, thus reinforcing the strength of the Code as a standard of practice.