Why did Phil join NAR and abide by the Code of Ethics?

Explanation:

Phil's Commitment to Ethical Standards: Phil is excited to join the National Association of Realtors (NAR) and abide by the Code of Ethics because it ensures ethical standards in real estate practice. This commitment to ethics is akin to professional organizations in various fields, like the Institute of Electrical and Electronics Engineers (IEEE) in science and technology, which endorse codes of ethics for their members. These ethical guidelines are critical as they dictate the professional conduct of their members, ensuring that professionals not only follow acceptable standards but also aim to protect the public by providing services that are safe and respect privacy and environmental considerations.

Building Trust and Professionalism: It is important to note that abiding by a professional code of ethics does not guarantee higher commission rates nor does it exempt a member from legal liabilities. Instead, the code serves as a standard for corporate responsibility and professional behavior that enhances the trust and relationship between the professional and their clients, which, in turn, can indirectly positively affect one's business success, including marketing strategies.