The Washington herald., 1922-07-09
ETHICAL CODE RULES NATIONAL REALTY BOARI

tation, lists the property directly
with "B" or until "As" instrument
tally has ceased, and the property
has again been brought to BIS"
notice, by entirely separate and dis
tinct circumstances with which "A"
has no connection.
Paragraph 7.-sRelayfng1 Prop
erty to Third Brokers-Broker 81
has no right to relay" property
listed with him by broker "A" by
relisting with third broker &C"
without consent Of broker a.,
Paragraph s.-PIacing Rent OF
Sale signs-Unauthorized placing
of For Rent" or For Sale" signs
upon properties should never occur,
nor posting numerous signs, even
II permitted. Such practices cheap
en- property and broker in estima-
ton of the public and lead to COM
plications over price and commits
sions. One sign only is recon-
mended.
Paragraph e.-Ruining Fellow
Brokers' Deal-A member of a
Real Estate Board cannot honor
ably seek information concerning q
deal of a fellow broker and make
use of the knowledge for the pur-.
pose of closing the deal himself or
diverting the customer to another
property.
Paragraph 1o.-Maintaining Rates.
Brokers owe II to themselves and
the general public to maintain the
rates of commissions and charges
of the Board.
Paragraph 11.-Settlement of Diff
ferences Between Members-It is
the duty of members to submit all
controversies to arbitration of the
proper board committee rather than
to bring suit at law against fellow
members, and it is the duty of both
sides to the contention to accept
the decision of the Board as final.
Paragraph 12.-In Case of Charges
Against Member, He should Report
Facts to Board-If any member is
charged publicly and openly with
using questionable methods, he
should voluntarily lay all facts be-
fore the reference and arbitration
committee of the Board. or the
board Of directors. as may be pro-
vided by the local Board. We are
organized to defend each others
honor when wrongfully accused.
1t will be presumed the facts will
not stand the light.
Paragraph 13.-FrauduIent Mis-
representations should Be Report
ed.-As a duty to the public and
each other, members should report
to the Board misrepresentation of
any fraudulent, criminal or Illegal
act pertaining to real estate, which
ignorant persons; and the Board
owes 1t to members and the COM
munity to take steps to stop such
practices and to punish parties
guilty thereof.
Paragraph 14.-Discipline for vio-
latiOn of the Code.-It is the duty or
the Board to punish violations Of its
adopted rules of ethical conduct by
proper discipline. or
(Your Committee here submits an
optional substitute for Paragraph
II. Section l, which is recommended
for adoption by those organizations
which desire to insert in their Code
or Bylaws a provision providing
amply for discipline of members
violating the Code. There may be
a difference of opinion among the
membership as to whether 1t Is ad-
visable to incorporate this para
graph.).
Proposed Amendment of Para
graph 14-Upon specific written
made by or through one
member against another. OF viola
tioL by him of the Boards adopted
Code of Ethics. such complaint shall
be referred to the Reference and
Committee. or Board of
Directors, as the case may be,
whose duty 1t shall be to promptly
give the matter full and fair inves-
tigation, in such manner as II shall
deem proper. but giving the accused
an opportunity to be heard in his
own defense. II the Reference and
Committee. or Board of
Directors, shall find the accused
member guilty of the charges made,
1t shall be its duty to discipline
him, either by censure, suspension
for a period not to exceed ole year.
fine not to exceed Two Hundred
(s2O0.00) Dollars, or expulsion from