International Ethics Coalition takes a major step forward

The IES Coalition has announced the selection of its committee of independent global experts who will write the first high level ethics principles for real estate professionals.

Included in the group who will be writing the International Ethics Standards are prominent real estate representatives from Russia, China, France, the USA, Germany, Brazil, Japan, Malaysia, Canada and the UK. They have been asked by the Coalition, which formed at the United Nations in New York last October, to review the many existing ethical codes, identify commons themes and bring greater consistency and clarity to how ethics are used across real estate. A consultation document will be published when the International Ethics Standards have been written.

The Coalition Trustees invited nominations for the independent Standards Setting Committee from professionals with a background in real estate and business ethics who have experience of working in different sectors and markets.

Tony Grant, Deputy Chair of the IES Coalition Trustees said: ‘This is a pioneering project which comes at a time when many professions and sectors are looking closely at the role ethics plays in developing trust, transparency and greater confidence in how we conduct business. The Standards Setting Committee has a very exciting task ahead of them and once the new International Ethics Standards are created, we expect to have a consistent and clear code which will enable us to improve the visibility and role that ethics plays in real estate.”