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REALTORS® are held to a higher standard of conduct in
the industry than are other real estate licensees. REALTORS® are
bound by the Code while other real estate agents are not. The
Ohio Division of Real Estate issues licenses to practice in
Ohio and enforces the law. The Toledo Board of REALTORS® or
any local association is charged with enforcing the Code of
Ethics.
The first Code was adapted in
1913 as one of the fundamental objectives of the founders
of the National Association of REALTORS®.
Consisting of 17 separate Articles, the Code has been amended
many times to reflect changes in the real estate industry and
the needs of the consumer. But its demand for high standards
of professional conduct protecting the rights of clients and
consumers, and safeguarding the rights of all consumers of
real estate service, will never change.
The Code of Ethics is divided
into three sections: duties to clients and customers, duties
to the public, and duties
to other REALTORS®. These articles create enforceable obligations
and establish a standard of conduct which REALTORS® must
abide by. They govern REALTORS® conduct in business, and
failure to abide by them may result in disciplinary action.
The Grievance & Professional Standards Committees of the
Toledo Board of REALTORS® oversee this compliance with
the Code of Ethics.
To file a complaint with the
Toledo Board of REALTORS® please
refer to the Code of Ethics to determine which, if any, articles
have been violated. If you feel that an article(s) the Code
of Ethics has been violated please refer to the Ethics Complaint
Form.
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