Know Your Code of Professional Ethics

Journal of Property Management, May/June 2011 | Go to article overview

Know Your Code of Professional Ethics


ARTICLE 5

Relations with Other Members of the Profession

"A MEMBER shall not make, authorize or otherwise encourage any false or misleading comments concerning the practices of Members of the Institute of Real Estate Management. A MEMBER shall truthfully represent material facts in their professional activities. A MEMBER shall not exaggerate or misrepresent the services offered as compared with the services offered by other real estate managers. Nothing in this Code, however, shall restrict legal and reasonable business competition by and among real estate managers."

Most real estate managers realize the need to conduct themselves professionally at all times when dealing with colleagues. IREM has taken this common-sense approach a step further by making this a requirement, as detailed in Article 5 of the IREM Code of Professional Ethics, shared above. By doing so, IREM has defined behavior that might otherwise fall into the abyss of "gray matter," which is abundant in professional relationships.

While it is everyone's goal to work well with peers, IREM requires it and advises members, "don't burn any bridges, as you never know when you may need that person down the road." This statement has never been more accurate than in today's economy. Professionals are mov ing between companies as well as finding new and innovative ways to service clients. It is very possible that a former professional adversary may be a co-worker tomorrow.

It is more important than ever to think carefully about your interactions with fellow real estate professionals, both within your company and elsewhere in the industry. As tough situations come up, don't hesitate to seek advice from your company's human resource department and review your employee manual occasionally as a reminder of corporate goals and expectations. Human resource officers are expert at listening to difficult situations and giving ethical advice that will comply with company policy. If there is no human resource officer available, you can contact IREM for confidential advice.

It is up to you, as a real estate professional and as an IREM Member, to choose the best course of action when faced with "gray area" situations. For example, if you and a competitor are bidding on the same job, is it appropriate to detail numerous negatives about the other company or an individual? Is it appropriate to discuss only certain aspects of your company, and leave out some other important facts when hiring a new employee?

IREM has a very structured ethics policy that includes a hearing board and disciplin - ary procedures. It is better to be cautious when interacting with fellow professionals now so you don't have to answer a formal complaint later.

IT IS UP TO YOU, AS A REAL ESTATE PROFESSIONAL AND AS AN IREM MEMBER, TO CHOOSE THE BEST COURSE OF ACTION WHEN FACED WITH "GRAY AREA" SITUATIONS.

MARY FAITH RADCLIFFE, CPM (MRADCLIFFE@RCPMANAGEMENT. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Know Your Code of Professional Ethics
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.