In 1913, the National Association of REALTORS adopted the Code of Ethics. It is a meticulously framed ethical framework that tells us the professional responsibilities of a REALTORS. These norms were adopted by a group of professionals who wanted to differentiate themselves from other real estate licensees.
The NAR Code of Ethics is divided into 4 major sections which are Preamble, Duties to the clients, Duties to the Public, and Duties to Realtors. It consists of seventeen articles with the respective standard of practices.