In his post here earlier today, Jim Duncan said something I’ve thought since the day I stood up, raised my right hand and pledged to uphold the Realtor Code of Ethics:
I have argued before that if you need 8 9 pages to explain ethics, rather than a simple code of honor, you just might need too much guidance.
Adopted in 1913, and amended 31 times, the NAR’s Code of Ethics is 9 pages of double column single-spaced text. Seventeen Articles. Eighty two “Standards of Practice”. 7,373 words in 266 paragraphs.
It is loaded with gems like this (Standard of Practice 17-4, Subsection 5):
Where a buyer or tenant representative is compensated by the seller or landlord, and not by the listing broker, and the listing broker, as a result, reduces the commission owed by the seller or landlord and, subsequent to such actions, claims to be the procuring cause of sale or lease. In such cases arbitration shall be between the listing broker and the buyer or tenant representative and the amount in dispute is limited to the amount of the reduction of commission to which the listing broker agreed
Huh? Maybe it’s just me, but I had to read that 3 or 4 times just to make sense of it. And I’m not so sure I actually figured it out.
Do we really need 7,373 words to tell us how to act?
The United States Military Academy has an Honor Code. It’s no real stretch of the imagination to equate an “Honor Code” with a “Code of Ethics”.
West Point’s Honor Code consists of one sentence. 12 words.
A cadet will not lie, cheat, steal, or tolerate those who do.
It was derived from the Military Academy’s motto – the lengthy and convoluted, “Duty, Honor, Country”.
One of my old schools, THE University of Texas, adopted an honor code long after I left those hallowed halls. It is substantially longer than the Military Academy’s code, coming in at a War and Peace like 41 words:
The core values of The University of Texas at Austin are learning, discovery, freedom, leadership, individual opportunity, and responsibility. Each member of the university is Read more