AMPI Code of Ethics
SECTION ONE. Relations with the Public
Article 1. It is the basic duty of every real estate professional to obtain education with the specialty of Real Estate. Therefore, the Real Estate Professional has the obligation to be up to date regarding her field by being informed of the changes that could affect the real property, not only in her own city but also in the Nation in general. With the knowledge acquired, he shall be able to contribute an opinion in relation to rules, legislation, better use of the land, planning, and other aspects related to real property.
Article 2. The Real Estate Professional has the obligation to be informed about real estate market conditions, since, among others, his function is to inform his principal about the fair value of real properties.
Article 3. One of the most important functions of a Real Estate Professional is to protect his principal against fraud, abuse or immoral practices in the real estate field. Consequently, it is her duty to help prevent harm to the public as well as to prevent any act that could injure the dignity and integrity of the Real Estate profession.
If such acts were performed by a member of the Mexican Association of Real Estate Professionals, the person who becomes aware of such an act, must present proof to the National Advisory Council so that, in accordance with AMPI By-Laws AMPI can proceed to penalize the violator of this Code of Ethics.
Article 4. Truth must be the guideline for the actions of the Real Estate Professional. Upon accepting a property to administrate or to sell, the Real Estate Professional shall inspect it before she administrates it or offers it for sale to avoid mistakes, exaggeration of qualities of the property offered, or hiding information about it.
Article 5. The Real Estate Professional shall not participate in transactions that for any reason may damage the interests of any of the contracting parties, or a third party, or another Real Estate Professional.
Article 6.The Real Estate Professional shall not contribute to the declaration of false information in deeds or other public documents, nor shall he make false declarations in the presence any authority. Integrity in all actions shall justify the confidence deposited in her by her principal.
Article 7. When using any means of publicity, the Real Estate Professional must be very careful to provide accurate information in the advertisement, since it must reflect the exact reality and by no means should it be distorted.
Article 8. The Real Estate Professional, in order to protect the parties to a transaction, must attempt to obtain, in writing, all facts, promises and agreements related to each transaction. The exact agreement reached by the interested parties shall be stated in the related documents, which shall be signed by them. Each party shall keep a copy of these, including the Real Estate Professional who will keep one for his files.
Read SECTION TWO. Relations with the Client >
