Should the DRE reestablish the 1979-1996 Ethics and Professional Conduct Code?
Yea. (81%, 133 Votes)
Nay. (19%, 32 Votes)
Total Voters: 165
Real estate agents are the gatekeepers of the industry. Because they are in a position of public trust, they are held to high ethical standards; the Department of Real Estate (DRE) requires all licensees to complete a three-hour ethics course every four years to reinforce standards of practice for every licensee.
In 1979, under Real Estate Commissioner David Fox, the DRE adopted DRE Regulation 2785, the Ethics and Professional Conduct Code. Grounded in already-existing case law and Business and Professions Code §§ 10176 and 10177, this code of ethics comprised three sections: (a) Unlawful Conduct, (b) Unethical Conduct and (c) Beneficial Conduct. The code was revised in 1983 and again in 1990, before being finally repealed under Governor Pete Wilson’s Regulatory Reform Project in November, 1996.
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