What do you believe is the most important ethical consideration in the real estate industry? Why?
What do you believe is the most important ethical consideration in the real estate industry? Why?
Homework Answers
There are actually 4 of them, honesty, integrity, fairness and accountability. These are the pillars of the real estate ethics industry. Since real estate is not homogeneous in nature, each one has its own features and each property is different. If one knows how the due diligence of the real estate land or property is done, it can be very well figured out, however many are not absolutely well versed with the real estate dynamics and how cash flows from the real estate can be projected. Thus there are real estate experts, who can help in bridging this gap of knowledge. For investment in real estate to work out one single most factor of ethical standards would be trust.
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