Question

According to the NAR Code of Ethics preamble, the real estate industry is so important that REALTORS^®^ share with their fellow REALTORS^®^ a common ______.

a) Financial goal
b) Code of conduct
c) Professional obligation
d) Public interest

Answer 1

According to the NAR Code of Ethics preamble, REALTORS® in the real estate industry share a 'Professional obligation' with their fellow REALTORS®.

Step-by-step explanation:

According to the NAR Code of Ethics preamble, the real estate industry is so important that REALTORS® share with their fellow REALTORS® a common Professional obligation. This can be compared with the obligation of software engineers under the IEEE-CS that focuses on producing safe and ethically responsible software. Professional organizations across various fields provide codes of ethics to ensure members fulfill their responsibilities not only within the industry but also towards the public and the environment. For instance, the real estate industry, similar to the fields of science and technology, emphasizes a shared professional obligation among its members, signifying a collective commitment to ethical practices and public well-being.