Ethical Dilemmas In Real Estate


Ethical Dilemmas In Real Estate


Ethical Dilemmas In Ethical Decision Making Of Real Estate

This is a problem in the decision-making process between two possible options, neither of which is obsoletely acceptable from an ethical perspective. Although we face many ethical and moral problems in our lives, most of them come with relatively straightforward solutions.

There fore ethical dilemmas are extremely complicated challenges that cannot be easily solved. Therefore the ability to find the optimal solution for ethical dilemmas is critical to everyone. Every person can encounter an ethical dilemma in almost every aspect of his life including personal, social, and professional.

How to solve ethical dilemmas

The biggest challenge of an ethical dilemma is that it does not offer an obvious solution that would comply with ethical norms. Throughout the history of humanity, people always faced ethical dilemmas, and philosophers aimed and worked to find solutions to the problems.

By far the following approaches to solving an ethical dilemma were deduced;

  • Refute the paradox or dilemma.

The situation must be carefully analyzed. In some cases, the existence of the dilemma can be logically refuted.

  • Value theory approach

Chose the alternative that offers the greater good and the lesser evil.

  • Find alternative solutions.

In some cases, the problem can be reconsidered and new alternative solutions may arise.

Examples of ethical dilemmas;

  • Taking credit for other workers.
  • Offering clients worse products for your own profit.
  • Utilizing inside knowledge for your own profit.
  • Undermining clients' agreements( you agree to sell today to someone at a given amount, then later you sell to another person just because they are offering you much more money than the first client. ''That's ethically not right''

Ethical dilemmas in Real Estate Business

Ethical dilemmas are especially significant in professional life as they frequently occur in the workplace. Some companies and professional organizations adhere to their own codes of conduct and ethical standards. Violation of the standards may lead to disciplinary sanctions. Almost every aspect of the business can become a possible ground for ethical dilemmas. It may include the relationship with co-workers, management, clients, suppliers, and other business partners. •The people’s inability to determine the optimal solution for ethical dilemmas in the professional setting may result in serious problems for individuals and organizations. The situation may be common in Real estate companies that value results in the most.

conclusion

In order to solve ethical problems, Real estate companies and organizations should develop strict ethical standards for their employees. Every company must demonstrate its concerns regarding the ethical norms within the organization. In addition, the companies may provide ethical training for their employees.

Tags : ethical dilemma

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