International Ethics Standards Coalition: Creating a universal set of ethics principles for real estate and related professions.
This is the aim of a global Coalition of real estate and related professional organizations which has come together to reassert the role of ethics in real estate to meet the needs of today’s global market.
What is the International Ethics Standard (IES)?
The global Coalition has produced the first consultation draft of an International Ethics Standard – download a copy of the consultation document. It consists of high level principles which will be implemented through codes of conduct owned by Coalition organisations and provide assurance, consistency and confidence to all users of professional services.
As the property profession changes and becomes increasingly international, so must our approach to developing and reinforcing professional ethics.
Real estate is integral to whole societies and economies, it shapes and influences the world we live in and represents a significant proportion of all global wealth. For this reason, professionals have a duty to uphold the highest standards throughout the world.
The IES Coalition gathered for its first meeting at the United Nations in New York, October 2014. The group agreed that in many parts of the world, there is a real and perceived problem with an inconsistent approach to ethics in real estate which must be addressed.
While numerous professional organizations have based their standards on common principles such as integrity, transparency and trustworthiness, there is no over-arching standard to which all real estate and related professional organizations subscribe.
By creating the IES and establishing the global Coalition we can make sure professional ethics is even higher up the agenda and stimulate conversations about enhancing client confidence and public protection. This is powerful and positive step for the property profession and for the many thousands of professional practitioners around the world.