The Rocky Mountain Home Team prides itself in bringing you only the most up-to-date news in Vail Valley Real Estate, but right now we would like to take you back 100 years, to wish the National Association of Realtors’ Code of Ethics a happy belated birthday. (Of course, if you would rather just check Vail Valley homes for sale right now, or figure out what Vail Valley real estate is worth, we can do that, too.)
On July 29, 1913, the National Association of Real Estate Boards held its sixth annual meeting in Winnipeg, Manitoba. While at that meeting, the Association first adopted the “Rules of Conduct,” a set of principles that would eventually become the Code of Ethics of the National Association of Realtors.
A lot has changed since 1913. Back then, Eagle County was famous not for skiing but for silver mines. A home in Eagle, CO, might set you back a few thousand dollars. There wasn’t any Vail to buy property in. But perhaps nothing has changed more since 1913 than the relationship between buyers and sellers:
“It was the era of fraudulent subdivision, the fake city addition, the multiple-“first” mortgage, the “net” listing and a myriad of other ‘get rich quick’ schemes involving the sale of land,” says former NAR Vice President and General Counsel William D. North in a 1978 article for The Executive Officer, “It was the era of ‘caveat emptor’ and the Robber Barons, whose motto was not ‘Let the Public Be Served’ but rather ‘Let the Public Be Damned’.”
It may be hard to imagine in a world where “the customer is always right” is a given and “Don’t Be Evil” is the unofficial motto of a corporate giant, but the adversarial, dishonest conditions North describes were considered normal in 1913. So the Realtors decided to do something about it, establishing the Code of Ethics to foster an environment of professionalism and trust.
“It was an uncommon event with uncommon men and women making an uncommon commitment to business integrity and fair dealing,” says North.
Today, 100 years later, The Rocky Mountain Home Team is proud to uphold the Code of Ethics as we assist our clients to success with their Vail Valley Real Estate needs. If you are interested in buying or selling a home, parcel of land or commercial property in Eagle County, please let us know.
Image courtesy of NAR.