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IREM and its Chapter Network Kick Off Ethics Awareness Month Rigorously Enforced "Code of Professional Ethics" Lays Out Roadmap

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Editor’s Note: IREM has published a “Real Life Ethics Case Study Report” that explains each article of the IREM Code of Professional Ethics in layman’s terms and provides preventative tips.  For a copy of the report, contact Sharon Peters (312-329-6067),

(Chicago, September 5, 2013) –“The Institute of Real Estate Management (IREM) Code of Professional Ethics protects the public, reflects contemporary business practices, and sends a powerful message to the marketplace that IREM Members – who must pledge to adhere to IREM’s rigorously enforced ethics code – don’t just talk the talk when it comes to ethical business practices, but they also walk the walk.”  So stated IREM 2013 President Elizabeth (Beth) Machen, CPM, as she officially launched a celebration by IREM and its international chapter network this month of the organization’s rich ethical heritage.

“The purpose of IREM’s 14-point Ethics Code,” explained Machen “is to establish and maintain public confidence in the honesty, integrity, professionalism and ability of the professional real estate manager. Moreover, it embodies the ethical principles laid out more than 80 years ago by IREM’s founding members, spelling out obligations to tenants and residents, fiduciary responsibilities to clients, appropriate behavior toward other members of the profession, and much more. These principles, and IREM Members’ adherence to them,” added Machen, “pay dividends for the public and property owners alike.  Thanks to strict enforcement of the IREM Code of Professional Ethics, our public spaces are cleaner, greener and more livable, and owners see their assets achieve optimal value.”

IREM’s Ethics Awareness Month was conceived by IREM’s Ethics and Discipline Committee, with initiatives that include a marketing and communications campaign highlighting IREM Members’ historical commitment to professional ethics. A variety of activities will be taking place at the local level drawn, in part, from a specially prepared Ethics Awareness Chapter Toolkit developed by members of the Ethics and Discipline Committee.

The Institute of Real Estate Management (IREM) is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing. An affiliate of the National Association of REALTORS, IREM is the home for all industry professionals connected to real estate management – and the only organization serving both the multi-family and commercial sectors.

We believe that good management matters, and that well-managed properties pay dividends in terms of value and in the quality of life for residents, tenants and customers. We believe in professional ethics. We believe in the power of knowledge and the importance of sharing it.

IREM offers a variety of membership types for professionals of every experience level, from on-site managers to high-level executives. Our credentials, earned by meeting high standards of education, experience, and ethical business practices, include: Certified Property Manager (CPM), Accredited Residential Manager (ARM), Accredited Commercial Manager (ACoM), or Accredited Management Organization (AMO).

Since 1933, IREM has set the standard for best practices in real estate management. Today, IREM membership includes nearly 18,000 individuals and 560 corporate members. To learn more about the IREM and its chapter network, call (800) 837-0706, ext. 4650 (outside the U.S. call (312) 329-6000) or visit