by Brianna Crandall — September 8, 2017 — The Institute of Real Estate Management (IREM) holds professional ethics as a cornerstone of membership, and encourages ethical behavior by real estate managers, and rules of conduct and professionalism in the property management industry.
The organization has officially named September as IREM Ethics Awareness Month, and offers courses, journal articles and news on its Ethics page as resources for the real estate management industry.
All members of IREM are obliged to uphold the IREM Code of Professional Ethics, conducting their professional activities in accordance with the Code. In addition, AMO Firms must uphold the AMO Code of Professional Ethics.
These two codes protect the public, promote competition, reflect contemporary business practices, and send a powerful message to the marketplace that IREM Members act ethically, asserts the group. IREM says it is one of the few organizations that actively enforce their code — violations are processed within a defined structure, including an established peer review process that may result in disciplinary actions.
Michael Lanning, CPM, 2017 IREM president, senior vice president and market leader, Cushman & Wakefield, Kansas City, MO, states:
Member adherence to the IREM Code of Professional Ethics is what has set us apart from the rest of the industry since 1933. Our owners, employers and clients should know that IREM Members are bound by this strictly enforced code, giving members credibility and trust that our competition just doesn’t have.
During Ethics Awareness Month, IREM and its network of 92 chapters across the United States and the globe will highlight the commitment to ethics and integrity with the launch of the newly updated Ethics for the Real Estate Manager — ETH800 course; a live Webinar entitled What’s Your Ethical Health? An Annual Check-Up on Code Compliance; and a social media campaign that allows members to show what IREM ethics mean to them using #IREMethics on Twitter and Instagram.
IREM offers related resources for the real estate management industry on it Ethics page.
IREM, founded in 1933, 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 serves both the multifamily and commercial sectors. IREM membership includes more than 20,000 individual and 570 corporate members, from on-site managers to high-level executives. IREM credentials include CPM, ARM, ACoM and AMO.