An Empirical Analysis of Real Estate Brokerage Ethics
The purpose of this chapter is to provide analysis of real estate brokerage practices in relation to the National Association of Realtors’ Code of Ethics and Standards of Practice and legislated standards of practice in the state of Iowa. This study investigates the relationship between real estate brokerage practices in Iowa and demographic factors such as age, income, and educational background. It utilizes data gathered from a survey questionnaire administered to a random sample of 300 real estate agents and brokers who are members of the Greater Des Moines Board of Realtors. The results of this investigation show that ethical judgment by real estate brokers may vary according to level of education, income, and sex of the selling agent. Age and whether part-time or full-time real estate brokerage work status did not appear to be significant in terms of altering ethical decisions.
KeywordsReal Estate Practice Statement Household Composition Disclosure Statement Practice Question
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