I have always had an interest in obtaining a career in real estate, and for this reason I chose to interview Pamela Beall. Pamela is a licensed realtor in the state of Texas, and has been in practice for about eight years. I’ve known Pamela for many years, and have even used her services myself to help my find a home. She has won multiple awards for real estate professionals. She has also run into multiple ethical dilemmas during her eight-year career.
Before I began the interview, Pamela informed me that all realtors must take a required course that focuses on the National Association of Realtor’s Code of Ethics. Not only must they take the course to become a realtor, it is also a required continuing education course that must be taken every two years. I found this quite interesting, and it led to my first question. I asked Pamela what she had learned from her last time taking the required course, and how it differed from what she had learned when she first took the course. Pamela …show more content…
They act as a fiduciary, whereby they are obligated to act in good faith for the client no matter the outcome, yet they also have to balance their own interests in terms of commissions, and reputation. Knowing how to respond to ethical dilemmas seems to be very important in this career field, even though the career in itself can be somewhat of a conflict of interest at times. Most people go to work knowing they are only working for a paycheck. Realtors go to work and must maintain a code of ethics, which may result in them not receiving a paycheck at all. For these reasons, the rationale behind the code of ethics becomes clear. When a realtor is licensed by a state, they enter into an implied social contract that ensures the overall purpose of the code of ethics is met. That purpose is summed up to be the collaborative efforts of all realtors to further the client’s best interests, whether the client belongs to them or