Conflicts of Interest or ‘Thou Shall Not Steal’ Revisited

December 1994, Vol 19, No 3 Abstract: Conflicts of interest are unavoidable everyday situations confronting professionals. The risk lies not only in reality but in perceptions and appearances, and the potential for damage is great. The appearance of a conflict may be the greater threat because it may go unrecognized until it is too late. The… Read more

Bring Back The Good Old Days?

December 1994, Vol 19, No 3 Abstract: This article argues that the state of real estate ethics in America in the 18th and 19th centuries was appallingly low. Two real estate fortunes are examined to illustrate how bribery and exploitation were the main cornerstones for the accumulation of wealth. Do we want to bring back the… Read more

Be Good, Play Nice

December 1994, Vol 19, No 3 Abstract: In a diverse economy where providing real estate service stretches across broad geographical as well as functional boundaries, reliance on strict codes of ethics provides a measure of safe haven. Although subjective in nature, codes of ethics and standards of professional practice are the beacons for professional real estate… Read more

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The Real Estate Counselor-Client Relationship

December 1994, Vol 19, No 3 Abstract: The author explains how the confidential and fiduciary relationships between real estate counselor and client can vary from job to job and how these variations affect the ethics of counseling. Two examples are used to demonstrate typical ethical problems resulting from a misunderstanding of the counselor-client relationship. Suggestions for… Read more

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Perspectives

On Business Ethics

I have been concerned with business ethics ever since I was initially entrusted with the responsibility of managing the careers of others some 20 years ago. The desire to become more aware of the ethical underpinnings of business behavior has led me on a lengthy tour of business literature and the social sciences of organizational… Read more

Lofty Expressions of Ethical Conduct Do Not Insure Adherence

December 1994, Vol 19, No 3 Abstract: The Counselors of Real Estate should be the leader in teaching ethics to its members on a mandatory periodic basis. A code of ethics or standards of professional practice are not sufficient to assure ethical conduct, since practical application is not identifiable from lofty statements relating to honor, integrity, trust and morality. The author suggests utilizing the case study approach and actual... Read More

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