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Compliance with laws and regulations.

The most frequently violated article of the IREM Code of Professional Ethics is Article 10: Compliance with Laws and Regulations. In the last 30 years, Article 10 has been cited 67 times in complaints that have gone forward for hearing. Violations of Article 10 have included fraud, embezzlement,

kickbacks, filing a false tax return and sexual harassment. However, the most often cited complaints arise from security deposit disputes. To avoid being a party to such a complaint, handle and document security deposits correctly, and know the local and state laws governing such transactions. The following is the full Article 10 text from the IREM Code of Professional Ethics:

Article 10: Compliance with Laws and Regulations

A MEMBER shall at all times conduct business and personal activities with knowledge of and in compliance with all applicable laws and regulations.

(Reporting of any potential violations of the code should follow the formal complaint process as outlined on www.irem.org, or contact IREM's ethics administrator at IREM Headquarters in Chicago.)

In addition, make sure to read these articles: