Final answer:
Phil was excited to join the NAR and abide by the Code of Ethics because it promotes fair and ethical behavior in the real estate profession, ensuring trust and professionalism.
Step-by-step explanation:
The question asks why Phil, a new REALTOR, was excited to join the National Association of Realtors (NAR) and abide by its Code of Ethics. The correct answer to this question is c) It promotes fair and ethical behavior in the profession. The NAR's Code of Ethics is designed to ensure that REALTORS conduct business in a manner that is honorable and fosters trust among clients, colleagues, and the public. The Code of Ethics does not ensure higher commission rates, provide legal immunity, nor does it restrict competition in the market. Instead, it serves as a guide to maintain professionalism and corporate responsibility.
Professional organizations across various fields, such as the Institute of Electrical and Electronic Engineers Computer Society (IEEE-CS), uphold similar ethical standards. These codes of ethics call for software engineers, for example, to approve software that is safe and does not harm quality of human life or the environment. This is analogous to the way REALTORS must adhere to ethical practices when conducting their business, demonstrating a commitment to integrity and responsible practices within their industry.