The cover of this and succeeding issues of the Bulletin will carry the Realtor's Code of Ethics. This code was adopted in 1913 by the National Association of Real Estate Boards. It is without doubt, one of the finest standards of conduct developed by any professional organization.

Although the term "Realtor" is copyrighted and may lawfully be used only by members of the National As~ociation of Real Estate Boards, there is no reason why the many brokers and salesmen who are not Realtors may not subscribe to the Code as their personal guide to integrity and fair-dealing in real estate practice. All licensees, both Realtors and non-Realtors, are urged to follow the spirit and letter of the Code.