Final answer:
The NAR Code of Ethics is specific to real estate professionals and outlines ethical standards for their behavior, while the Canons of Professional Ethics and Conduct are more general and cover a broader range of professions.
Step-by-step explanation:
The NAR Code of Ethics and the Canons of Professional Ethics and Conduct are both codes that govern the behavior of professionals in their respective industries. The NAR Code of Ethics is specific to real estate professionals and is issued by the National Association of Realtors (NAR), while the Canons of Professional Ethics and Conduct are more general and cover a broader range of professions.
The NAR Code of Ethics outlines ethical standards and principles that real estate agents must adhere to when working with clients, handling transactions, and representing their industry. It covers topics such as honesty, integrity, confidentiality, and fair treatment of all parties involved.
The Canons of Professional Ethics and Conduct, on the other hand, are often created by professional organizations or governing bodies for specific industries. They provide a framework for ethical behavior, but they may vary depending on the profession. These canons may cover areas such as professional responsibility, competence, confidentiality, and conflicts of interest.