ARTICLE 1
REALTORS shall endeavor to be informed regarding the essential facts which affect current
market conditions in order to be in a position to counsel their clients and/or to assist
customers in a responsible manner. ARTICLE 2
A REALTOR shall protect and promote the interests of his or her client, This primary
obligation does not relieve the REALTOR of the responsibility of dealing fairly with all
parties to the transaction.
ARTICLE 3
A REALTOR shall fully disclose in writing to, and is advised to seek written
acknowledgement of disclosure from, all parties to a transaction regarding the role and
the nature of service the REALTOR will be providing to the client versus the customer or
other party to the transaction The REALTOR shall also disclose his or her role to other
REALTORS involved in the transaction.
ARTICLE 4
A REALTOR has an obligation to discover facts pertaining to every property for which the
REALTOR accepts an agency which a reasonably prudent REALTOR would discover in order to
fulfil the obligation to avoid error, misrepresentation or concealment of pertinent facts.
ARTICLE 5
REALTORS should ensure written representation agreements whenever possible in order to
avoid misunderstandings with their clients and customers.
ARTICLE 6
REALTORS shall ensure that agreements regarding real estate transactions are in writing in
clear and understandable language, expressing the specific terms, conditions, obligations
and commitments of the parties to the agreement. A copy of each final agreement shall be
furnished to each party upon their signing or initialing, and shall be dealt with in
accordance with the instructions of the parties involved.
ARTICLE 7
The REALTOR shall, prior to the signing of any agreement, fully inform the signing party
regarding the type of expenses for which he/she may be normally liable.
ARTICLE 8
A REALTOR shall not accept compensation from more than one party to a transaction without
the written consent of his or her client(s).
ARTICLE 9
REALTORS shall disclose to a client or customer if there is any financial benefit the
REALTOR or his/her firm may receive as a result of recommending real estate products or
services to that party.
ARTICLE 10
A REALTOR shall not accept any rebate or profit on expenditures made for a client without
the client's consent or accept any rebate or profit on expenditures for a customer without
the customer's knowledge.
ARTICLE 11
The REALTOR shall not discourage parties to a transaction from seeking legal counsel.
ARTICLE 12
The REALTOR shall not knowingly permit any property in his or her charge to be used for
unlawful purposes.
ARTICLE 13
A REALTOR shall not present an offer or acquire an interest in property either directly or
indirectly for himself or herself, any member of his or her immediate family or any entity
in which the REALTOR has a financial interest, without making the REALTOR's position known
to the seller in writing. In selling/leasing property owned by the REALTOR, or in which
the REALTOR has an interest, the interest shall be revealed to the buyer/tenant in
writing.
ARTICLE 14
In providing an opinion of value of real property a REALTOR shall not undertake to provide
such an opinion if it is outside the REALTOR's field of experience to do so, unless this
fact is disclosed to the client or unless assistance is obtained from another person who
has experience in this area. A REALTOR shall not perform an appraisal contrary to the
terms and conditions of any designation the REALTOR holds through The Canadian Real Estate
Association. In all other circumstances the REALTOR shall not provide an opinion of value
on property in which the REALTOR has a present or contemplated interest without first
disclosing this fact to the client. Fees charged for providing an opinion of value shall
not be based on the amount of value reported.
ARTICLE 15
A REALTOR shall present all written offers and counter-offers as objectively and as
quickly as possible.
ARTICLE 16
A REALTOR shall not advertise a property if such advertising has been restricted at the
request of the seller/landlord. In any advertisement, the advertised or offered price of a
property shall not be other than that which was agreed upon with the seller/landlord.
(Also applies to Article 25.)
Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. Through the REALTOR, the land resource of the nation reaches its highest use and private land ownership its widest distribution. The REALTOR is instrumental in molding the form of his or her community and the living and working conditions of its people. Such functions impose grave social responsibilities, which REALTORS can meet only by diligent preparation, and considering it a civic duty to dedicate themselves to the fulfillment of REALTORS obligations to society. The REALTOR therefore must be zealous to maintain, and continually strive to improve, the professional standards of his or her calling:
