Appraiser pressure involves unethically requesting an appraiser to provide a valuation that is higher or lower than the property's actual worth.
A Code of Ethics in real estate is a set of guidelines designed to establish fair practice behavior between agents, clients, and other parties in the real estate transaction process.
A Counselor of Real Estate (CRE) is a professional designation granted to individuals who are recognized for their expertise, experience, and high ethical standards in the field of real estate. This designation is awarded by The Counselors of Real Estate organization, an international group of real estate professionals.
Ethics principles by which one treats colleagues, clients, and the public in a fair, just, and truthful manner. Adherence to such standards is considered one of the requisites for recognition as a profession.
Racial Steering refers to the practice where real estate agents guide prospective homeowners towards or away from certain neighborhoods based on their race. This practice is illegal and contributes to racial segregation in housing.
A slumlord is a derogatory term used to describe a property owner or landlord who operates buildings in poor conditions, typically in a slum, and invests very little in the upkeep and maintenance of their rental properties. Such landlords often prioritize rent collection over ensuring their properties are habitable and safe.
