No. The majority of non-profit real estate organizations have long promoted their own codes of conduct which are a vital part of their member value proposition. Most, if not all, have a similar foundation in that they demand honest, decent and trustworthy behaviour as well as competence in the services offered. Many codes are based [...]

Yes. The global accountancy profession is governed by the International Ethics Standards Board for Accountants (IESBA). IESBA issues ethical standards for use by professional accountants and its member bodies. Accountancy bodies such as the Association of Chartered and Certified Accountants (ACCA) and Institute of Chartered Accountants in England and Wales (ICAEW) are required to comply [...]

Developed and agreed (in coalition) at the international level, an international standard provides high-level and universal rules. Professional institutions incorporate these high-level rules within their own guidance and all participate in the implementation of the shared international standard through their respective memberships.

Any international, national or regional not-for-profit organization serving the real estate or related professions is eligible to be a member of the Coalition. Any applications to join as a new Coalition member will be considered by the Board of Trustees. If the applicant fulfils the criteria for joining, this will be decided by the Trustees [...]

IES is a set of over-arching principles which Coalition member organisations implement on a local basis. The Trustees share best practice on implementation.

Ethics refer to appropriate and acceptable behaviour. Different categories of ethics shape different professions. The Institute of Business Ethics defines ethics as “the application of ethical values to business behaviour.” Ethical values refer to how we conduct business with different stakeholder groups, employees and customers. Questions we might consider when thinking about ethical values in [...]

Behaving ethically is at the heart of what it means to be a professional; it distinguishes professionals from others in the marketplace. Embracing ethical business can bring many commercial benefits to individuals, businesses, their stakeholders and wider society. Evidence suggests that acting ethically in business fosters greater trust, transparency and confidence among investors, improves industry [...]

Representative real estate and related professional bodies exist to guide, enhance and promote the professional, technical and ethical expertise of their members. Establishing one global Coalition creates a way to undertake extensive consultation and combine the existing ethical knowledge about different real estate markets and related disciplines. By harmonizing many existing codes of conduct, the [...]

Creating one over-arching set of ethical principles will help real estate and related professional organisations better promote values that allow ethical business to flourish.

Entities around the world that do not meet the criteria to become a coalition member, but who wish to voice their support for the IES process can apply to become Supporters of IES, divided into Business, Academic and Government. Please look here