Code of Ethics And Standards of Practice of Madison REIA Members

The ownership and management of real estate is a highly regulated segment of the free enterprise system of the United States of America. As such, the members of the Madison Real Estate Investors Association must treat this enterprise with the utmost professionalism.

Madison REIA membership includes each member in an organization of people who are intent on expanding their knowledge of real estate investing and management.  In order to pursue these ends in a legal and ethical manner, all “Madison REIA members” will be held to a higher standard of ethical behavior. This includes, but is not limited to the following enumerated list of behaviors:

  1. Madison REIA members will act professionally as Real Estate Investing and Housing Providers when dealing with tenants, the public, the media, government officials, and all others.
  2. Madison REIA members will not intentionally misrepresent any material fact in their business dealings, including their business dealings with other members.
  3. Madison REIA members will fully disclose their interest in any property and the nature of their interest when dealing with, or engaging in transactions with, other Madison REIA members.
  4. Madison REIA members should keep themselves informed on matters affecting housing in their community, including local, state, and federal laws.  A violation of a local, state or federal law, as determined by the ethics committee, shall be a violation of these rules.
  5. Madison REIA members shall not engage in unprofessional conduct, including, but not limited to:
    • a departure from or failure to conform to applicable federal, state or  local governmental rules or, if no such rule exists, to the minimal standards of acceptable and prevailing in practice
    • conduct likely to deceive, defraud or harm others;
    • demonstrating a willful or careless disregard for rights of others;
    • any practice that is contrary to the ethical conduct appropriate to the profession;
    • Knowingly aiding, assisting, advising or facilitating another in engaging in conduct which, if conducted by the MnREIA member directly, would constitute a violation of these rules
    • Engaging in false, fraudulent, deceptive or misleading communications to any person regarding the individual’s education, training, credentials, experience or qualifications, or the status of the individual’s state permit, license or registration certificate;
    • Making a false statement or knowingly providing false information to, or failing to cooperate with any investigation of, the Ethics Committee.
  6. Madison REIA members will be responsible to complete their own due diligence in all business dealings.
  7. Madison REIA members will not falsely malign, disparage, slander or in any other way adversely affect the reputation of other Madison REIA members.  Nothing herein prevents the Madison REIA member from truthfully communicating issues or pursuing disputes with other members.
  8. A Madison REIA member(s) who wants the Association to take action against another 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 President, in writing, for review.
  9. Madison REIA members and non-members alike will not be allowed to use the meetings, website or any other means to create a non-solicited list for any reason. A non-solicited list is described as follows; passing a list around for others to enter their contact information, using a bowl, box or other collection devise for people to drop their business cards in, collecting contact info from the website or other methods where a member or non-member might think that the list is being created or cards are being collected for MnREIA.
    • Members and nonmembers alike are encouraged to network and collect contact information personally and individually. Not by means of some sort of mass collection method as described above.
    • If such a list is being created, Madison REIA has the right to confiscate it and the individual(s) responsible for generating such a list will be reprimanded and possibly banned from any future meetings or events  (Madison Real Estate Investors Association) does not give legal, tax, economic, or investment advice. MadisonREIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   

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Contact Us:

Madison Real Estate Investors Association

2809 Fish Hatchery Road, Ste 101
Madison, WI 53713
(608) 957-7342

Proud Member of National REIA

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