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IREM White Paper on Leadership Development: Professional Ethics

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By Suzanne Hausknecht

White Papers If you like this white paper, you may be interested in the other papers in this series. Click here to access the other white papers in the series.

Real estate managers face ethical challenges on a daily basis. A manager’s response to these types of challenges affects more than just your personal reputation - it can determine success in your business.

In the IREM White Paper on Professional Ethics, you will learn:

  • The five-question method as a valuable framework for clarifying and examining ethical decisions
  • The importance of fiduciary relationships and examining conflicts of interest
  • The top four sources of conflict of interest
  • Important questions to ask when examining a potential conflict of interest
  • Key behaviors and development tactics for maintaining strong professional ethics

IREM was formed in 1933 by representatives of real estate firms whose primary concern was creating ethical standards of practice.

William Walters Jr., CPM, 1971 IREM President, captured the significance of ethics in his book, The Practice of Real Estate Management. Although the IREM book was published in 1979, the words continue to resonate today:

“The final proof of a manager and the final demand on management is integrity, a moral soundness in business dealings that tests steadfastness to truth, purpose, responsibility and trust. No matter how knowledgeable or experienced the manager may be, if he lacks integrity he destroys himself, other people and in the long run his organization.”

Copyright: 2015
Format: PDF; 5 pages

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