As
a Certified Property Manager and as a member of the Institute
of
Real Estate Management (IREM), Belmont Brokerage & Management,
Inc. strives to protect the interests of those who come in contact
with us. To this end, Belmont Brokerage & Management, Inc.
subscribes to this Professional Pledge
Introduction - To establish and maintain public confidence in the
honesty, integrity, professionalism and ability of the professional
property manager is fundamental to the future success of the institute
of Real Estate Management and its members. This Code and performance
pursuant to its provisions will be to the continued development
of a mutually beneficial relationship among CERTIFIED PROPERTY
MANAGERS (CPM's), Candidates, REALTORS, clients, employers and
the public.
The institute of Real Estate Management as the professional society
of property managers seeks to work closely with all other segments
of the real estate industry to protect and enhance the interests
of the public. To this end, members of the Institute have adopted
and, as a condition of membership, subscribe to this Code of Professional
Ethics. By doing so, they give notice that they clearly recognize
the vital need to -preserve and encourage fair and equitable practices
and competition among all who are engaged in the profession of property
management.
Those who are members of the institute are dedicated individuals
who are sincerely concerned with the protection and interests of
those who come in contact with the industry. To this end, members
of the institute have subscribed to this Professional Pledge:
I pledge myself to the advancement of professional management through
the mutual efforts of members of the institute of Real Estate Management
and by any other proper means available to me.
I pledge myself to seek and maintain an equitable, honorable and
cooperative association with fellow members of the institute and
with all others who may become a part of my business and professional
life.
I pledge myself to place honesty, integrity and industriousness
above all else; to purse my gainful efforts with diligent study and
education to the end that service to my clients shall always be maintained
at the highest possible level.
I pledge myself to comply with the principles and declarations of
the Institute of Real Estate Management as set forth in its Bylaws,
Regulations, and this Code of Professional Ethics.
Article 1. Fiduciary Obligation to Clients - A CERTIFIED PROPERTY
MANAGER (CPM) shall at all times exercise the utmost business loyalty
to the interests of his or her clients and shall be diligent in
the maintenance and protection of the clients' properties. The
CERTIFIED PROPERTY MANAGER (CPM) shall not represent personal interests
divergent or conflicting with those of the client, unless the client
has been previously notified in writing of the activity of potential
conflict of interest, and has also in writing assented to such
representation. A CERTIFIED PROPERTY MANAGER (CPM), as a fiduciary
for the client, shall not receive, directly or indirectly, benefit,
whether monetary or otherwise, which has not been fully disclosed
to and approved by the client.
Article 2. Disclosure - A CERTIFIED
PROPERTY MANAGER (CPM) shall not disclose to a third party confidential
information
which would
be injurious or damaging concerning the business or personal affairs
of a client without prior written consent of the client, except
as may otherwise be required or compelled by applicable law or
regulations.
Article 3. Accounting and Reporting - A CERTIFIED
PROPERTY MANAGER (CPM) shall at all times keep and maintain accurate
accounting
records concerning the properties managed for the client, and
such records shall be available for inspection at all reasonable
times
by each client. A CERTIFIED PROPERTY MANAGER (CPM) shall cause
to be furnished to the client, at intervals to be agreed upon
with the client, a regular report in respect to that client's properties.
Article 4. Protection of Funds
and Property - A CERTIFIED PROPERTY
MANAGER (CPM) shall at all times exert due diligence for the protection
of client's funds and property in the possession or control of
the CERTIFIED PROPERTY MANAGER (CPM) against all reasonably foreseeable
contingencies or losses.
Article 5. Relations with Other
Members of the Profession - A CERTIFIED
PROPERTY MANAGER (CPM) shall not make, authorize or otherwise encourage
any unfounded derogatory or disparaging comments concerning the
practices of another CERTIFIED PROPERTY MANAGER (CPM). CERTIFIED
PROPERTY MANAGERS (CPMs) subscribing to this Code shall not exaggerate
or misrepresent the services offered by him or her as compared
with competing CERTIFIED PROPERTY MANAGERS (CPMs). Nothing in this
Code, however, shall restrict legal and reasonable business competition
by and among CERTIFIED PROPERTY MANAGERS (CPMs).
Article 6. Contract - The contract, if any, between a CERTIFIED PROPERTY
MANAGER (CPM) and his or her client shall provide for the specific
terms agreed upon between the parties and shall be in clear and
understandable terms, including a general description of the services
to be provided by and responsibilities of the CERTIFIED PROPERTY
MANAGER (CPM).
Article 7. Duty to Firm or Employer - A CERTIFIED PROPERTY MANAGER
(CPM) shall at all times exercise the utmost loyalty to his or
her employer or firm and shall be diligent in the maintenance and
protection of the interests and property of the employer or firm.
The CERTIFIED PROPERTY MANAGER (CPM) shall not engage in any activity
or undertake any obligation which could be seen as contrary to
the obligation of loyalty and diligence owed to his or her employer
or firm, and shall not receive, directly or indirectly, any rebate,
fee, commission, discount or other benefit, whether monetary or
otherwise, which could reasonably be seen as producing a conflict
with the interests of his or her employer or firm. A CERTIFIED
PROPERTY MANAGER (CPM) shall at all times exercise due diligence
for the protection of the funds of his or her firm against all
reasonably foreseeable contingencies or losses and shall, as agent
of his or her employer or firm, exercise the highest degree of
responsibility for the safekeeping and preservation of these funds.
Article 8. Preserving and Protecting
Property of the Client - It
shall be the duty of the CERTIFIED PROPERTY MANAGER (CPM) as a
skilled and highly trained professional, to competently manage
the property of the client with due regard for the rights, responsibilities
and benefits of the tenant. A CERTIFIED PROPERTY MANAGER (CPM)
shall manage the property of his or her clients in a manner which
takes due regard for his or her obligations to conserve natural
resources and to maximize the preservation of the environment.
Article 9. Duty to Former Clients
and Former Firms or Employers -
All obligations and duties of the CERTIFIED PROPERTY MANAGER (CPM)
to clients, firms and employers as specified in this Code shall
also apply to relationships with former clients and former firms
and employers. The CERTIFIED PROPERTY MANAGER (CPM) shall conduct
himself or herself in the highest professional manner when, for
whatever reason, relationships are terminated between the CERTIFIED
PROPERTY MANAGER (CPM) and clients and firm or employer. Nothing
in this section, however, shall be construed to cause a CERTIFIED
PROPERTY MANAGER (CPM) to breach obligations and duties to current
clients and firm or employer.
Article 10. Compliance with Laws
and Regulations - A CERTIFIED PROPERTY
MANAGER (CPM) shall at all times conduct his or her business and
personal activities and knowledge of and in compliance with applicable
federal, state and local laws and regulations, and shall maintain
the highest moral and ethical standards consistent with membership
in and the purposes of the Institute of Real Estate Management.
Article 11. Continuing Professional
Education - A CERTIFIED PROPERTY
MANAGER (CPM) in order to assure the continued retention and further
growth and development of his or her skills as a professional,
shall utilize to the highest extent possible the facilities offered
to him or her for continuing professional education and refinement
of his or her management skills.
Article 12. Incorporation of the
NATIONAL ASSOCIATION OF REALTORS Code of Ethics - The Code of Ethics of the NATIONAL ASSOCIATION
OF REALTORS as in effect from time to time is incorporated by reference
into this Code in relevant parts shall be binding on CERTIFIED
PROPERTY MANAGERS (CPMs) as other articles of this Code.
Article 13. Enforcement - Any violation by a CERTIFIED PROPERTY MANAGER
(CPM) of the obligations of this Code shall be determined in accordance
with and pursuant to the terms of the Bylaws and Rules and Regulations
of the Institute of Real Estate Management. Disciplinary action
for violation of any portion of this Code shall be instituted by
the Institute of Real Estate Management in accordance with the
Bylaws and Rules and Regulations established by the Governing Council
of the Institute. The result of such disciplinary action shall
be final and binding upon the affected CERTIFIED PROPERTY MANAGER
(CPM), and without recourse to the Institute, its officers, councilors,
mem
