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Articles
1. Informed of Essential Facts
2. Disclosure of Role-Agency
3. Primary Duty to Client
4. Discovery of Facts
5. Written Service Agreements
6. Written Transaction Agreements
7. Expenses Related to Transaction
8. Disclosure of Benefits to Client
9. Disclosure of Benefits to Customers
10. Outside Professional Advice
11. Personal Interest in Property
12. Skilled and Conscientious Service
13. Advertising - Content/Accuracy
14. Advertising Listings of Other REALTORS®
15. Advertising Claims
16. Discrimination
17. Compliance with Board/Association Bylaws
18. Compliance with Statutory Requirements
19. Discrediting another Registrant
20. Respecting Contractual Relationships
21. Principal (Broker) Responsibility
22. Cooperation with Board/Association
23. Arbitration
24. Inter-Board and Inter-provincial Arbitration
25. Avoid Controversies
26. CREA Trademarks
27. Intellectual Property Rights of Boards/Associations
28. REALTORS® Acting as Principal
ARTICLE 28 REALTORS® ACTING AS PRINCIPAL

A REALTOR®, when acting as a principal in a real estate transaction, remains obligated by the duties imposed by the REALTOR® Code.

As a general rule, the REALTOR® Code only applies to the conduct of REALTORS® in the course of their business, not in their personal lives. However, it is reasonable to expect that a REALTOR® buying or selling real property on his or her own behalf, will be bound by the applicable obligations of the REALTOR® Code. Article 28 confirms that obligation.

There is one interpretation associated with Article 28 you must review. The intent of this is to ensure that the obligation to abide by the REALTOR® Code applies not just when the REALTOR® is dealing directly for himself or herself, but also when the REALTOR® has an indirect interest in the transaction.

Interpretations
28.1 A REALTOR® is acting as a principal when he or she is buying or selling or attempting to buy or sell an interest in the property either directly, on his or her own behalf or through any entity which the REALTOR® holds any direct or indirect interest.