IREM Launches New Single Ethics Code Applicable to All Members
The Institute of Real Estate Management (IREM) has consolidated and strengthened the Code of Professional Ethics to which its Certified Property Manager (CPM) Members and Candidates, Accredited Residential Manager (ARM) Members, Accredited Commercial Manager Members, and now Associate Members, must adhere.
The
Institute of Real Estate Management (IREM) has consolidated and strengthened the Code of Professional Ethics to which its Certified Property Manager (CPM) Members and Candidates, Accredited Residential Manager (ARM) Members, Accredited Commercial Manager Members, and now Associate Members, must adhere.
The new Code combines and clarifies the ethical concepts of two prior IREM Codes, one to which CPM designees and Candidates had been bound and another that was applicable to those with the ARM certification. It also includes a new requirement obligating members to report ethics violations of other IREM Members.
"IREM reviews its ethics Codes frequently to assure that they are consistent and responsive to current technologies and current business practices," says IREM President Robert Toothaker, CPM.
Toothaker added that IREM determined that adopting a single, comprehensive Professional Code of Ethics will assure a uniformly high standard of performance for the owners, tenants and other constituencies that our IREM serves.
"A single code also will be easier for our members to understand and for our Ethics and Discipline Committee to enforce consistently and fairly," Toothaker says.
"As an organization that always has taken ethics very seriously, we are confident that the stronger ethical commitment our members must now make will translate into a level of professionalism and integrity unparalleled in the industry," he says.
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