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If a Realtor violates the code of ethics, a complaint can be filed and disciplinary action is taken by the Realtor's local Realtor association. In practice, Realtors are required to abide by the Code of Ethics as a way of doing business.

In 1989, Article 10 of the Code was amended to include religion, handicap, and familial status among protected classes that can not be denied equal professional services, mirroring the classes included in federal Fair Housing laws. In 2010, Article 10 was revised to include sexual orientation as a protected class.

CIMA's Code of Ethics applies to all members and registered students. It is divided into three sections, and is underpinned by the five fundamental principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour.

Ethics are moral principles that assist one to determine right against wrong and/or good against evil.This Code of Ethics and Practice sets out minimum standards, occupational ideals, principles and virtues which must not be compromised by real estate professionals.

At its simplest, ethics is a system of moral principles. They affect how people make decisions and lead their lives. Ethics is concerned with what is good for individuals and society and is also described as moral philosophy.

This approach focusing on the application of seven mid-level principles to cases (non-maleficence, beneficence, health maximisation, efficiency, respect for autonomy, justice, proportionality) is presented in this paper.

The classic example is the Golden Rule: "Do unto others as you would have them do unto you." Other examples of societal ethical behavior include: Respect - Citizens must respect another's property, choices and lives. Loyalty - People put their family and friends' needs before their own.