The ownership and management of Real Estate is a highly regulated segment of the free enterprise system of the United States. As such, the members of the Real Estate Investors Association of NYC (REIA NYC) must treat this enterprise with the utmost professionalism.
REIA membership means that each member is part of an organization of people intent on expanding their knowledge of real estate investing and management.
We, the members of REIA NYC:
Provide safe and sanitary housing
Provide affordable housing opportunities
Develop and Re-Develop housing units which make neighborhoods and communities more attractive and desirable
Are visible as active Investment Professionals
In order to pursue these ends in a legal and ethical manner, all “members of REIA NYC” will be held to a high standard of ethical behavior which includes, but is not limited to the following enumerated list of behaviors:
I, as a REIA Member:
Will not intentionally misrepresent any material fact in my business dealings.
Keep myself informed on matters affecting housing in my community, including local, state, and federal laws.
Provide safe and sanitary housing.
Provide assistance to fellow REIA members whenever prudent and appropriate.
Act as a positive role model for the professions of Real Estate Investing and Housing Providers when dealing with tenants, the public, the media, government officials, and all others.
Will be responsible to complete my own due diligence (homework) in all business dealings and will encourage others to do the same.
Will not malign other REIA members.
Those who want the Association to take action against a member for what they perceive to be unethical behavior as defined in this document must present their case and evidence of unethical behavior to the REIA NYC Counsel, in writing, for review. The Counsel, the Executive Committee, and two volunteers from the general membership, will serve on an Ethics Committee, which the Counsel will chair, unless he/she is directly involved. The Ethics Committee will investigate and review the allegations. The Ethics Committee will submit their findings and make a recommendation to the Board of Directors in a timely manner. The REIA NYC Board of Directors may then impose whatever sanctions it deems appropriate. Such actions may include, but not be limited to, suspension or permanent disbarment from the organization.
BY JOINING REIA NYC, MEMBERS AGREE TO ABIDE BY THIS CODE OF ETHICS
The Real Estate Investors Association of NYC does not endorse any person(s) or organization(s). Its programs are designed to be educational, motivational, and enjoyable. (Remember, speakers primarily discuss techniques and methods that work for them.) Whenever actions involving purchases, sales, or tenant relations are being considered, rely upon the advice of your real estate professionals – your accountant, attorney, or other professional. Always seek competent legal and tax advice concerning your specific situation.