Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
Ethics means moral principles or regulations, or a system of moral beliefs and values. It is applicable towards several business sectors as well. It also means a guiding belief or philosophy for any individual.
The code of ethics is very essential in the real estate sector. This should be followed by all real estate developers, agents, and stakeholders. There are several codes of ethics prevalent in several global nations for the real estate sector, stakeholders, and transactions. These are business practices that should be upheld at all times. These include honest transactions without misleading buyers, fairness in all operations, personal integrity, and transparency in disclosures. Real estate authorities and Governments usually lay down the frameworks for ethical business dealings on part of builders, agents, and property buyers/sellers.
