AMPI Code of Ethics
SECTION THREE. Relations with other Real Estate Professionals
Article 19. The Real Estate Professional shall not take advantage of other colleagues. He has an obligation to share with them the experience and knowledge that has been acquired through studies and experience with different transactions.
Article 20. In the event of a conflict between two Real Estate Professionals of the same organization, resolution shall be made by a panel formed by two members of the organization elected in accordance with its Statutes. Said resolution shall never be turned over to an outside court of law. The Real Estate Professional shall accept and submit to the verdict issued by the aforementioned panel.
Article 21. If the Real Estate Professional is accused of unethical practices and does not accept guilt, she may voluntarily present the facts to the Directors of the National Advisory Council and to the body stipulated in the Statutes.
Article 22. The Real Estate Professional shall abstain from making comments with respect to business actions performed by another Real Estate Professional in the same Association. If his opinion is officially requested, said opinion must be based on the absolute truth and shall be given in a cordial and professional manner.
Article 23. The Real Estate Professional shall not accept an exclusive listing that is currently listed with another Real Estate Professional. She shall respect the rights of the first one until the term of said exclusive listing expires, even if the owner wishes to change. Likewise, the Real Estate Professional who accepts an option is obligated not to transfer her rights to a third party without the consent of the initial Real Estate Professional and the owner.
Article 24. The Real Estate Professional should cooperate with other Real Estate Professionals in making sales and in distributing the commissions earned as agreed, in writing. In the event of sale of an exclusive listing, the Real Estate Professional, representing the buyer, must deal with her fellow Real Estate Professional who gave her the property for sale and not with the owner.
Article 25. A Real Estate Professional shall not recruit the services of a colleague's employee without previous consent of said colleague.
Article 26. A sign offering a property for sale, rent or exchange should not be placed by more than one Real Estate Professional.
Article 27. In the best interests of the community, the Real Estate Professional should be loyal to his local real estate organization and to his colleagues, since this will benefit the organization, its associates and his own business.
