While the Code of Ethics establishes obligations that may be higher than
those mandated by law, in any instance where the Code of Ethics and the law
conflict, the obligations of the law must take precedence.

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. REALTORS should recognize that the interests of the nation
and its citizens require the highest and best use of the land and the widest
distribution of land ownership. They require the creation of adequate
housing, the building of functioning cities, the development of productive
industries and farms, and the preservation of a healthful environment.

Such interests impose obligations beyond those of ordinary commerce. They
impose grave social responsibility and a patriotic duty to which REALTORS
should dedicate themselves, and for which they should be diligent in
preparing themselves. REALTORS, therefore, are zealous to maintain and
improve the standards of their calling and share with their fellow REALTORS
a common responsibility for its integrity and honor.

In recognition and appreciation of their obligations to clients, customers,
the public, and each other, REALTORS continuously strive to become and
remain informed on issues affecting real estate and, as knowledgeable
professionals, they willingly share the fruit of their experience and study
with others. They identify and take steps, through enforcement of this Code
of Ethics and by assisting appropriate regulatory bodies, to eliminate
practices which may damage the public or which might discredit or bring
dishonor to the real estate profession. REALTORS having direct personal
knowledge of conduct that may violate the Code of Ethics involving
misappropriation of client or customer funds or property, willful
discrimination, or fraud resulting in substantial economic harm, bring such
matters to the attention of the appropriate Board or Association of
REALTORS. (Amended 1/00)

Realizing that cooperation with other real estate professionals promotes the
best interests of those who utilize their services, REALTORS urge exclusive
representation of clients; do not attempt to gain any unfair advantage over
their competitors; and they refrain from making unsolicited comments about
other practitioners. In instances where their opinion is sought, or where
REALTORS believe that comment is necessary, their opinion is offered in an
objective, professional manner, uninfluenced by any personal motivation or
potential advantage or gain.

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