Hawaiian Islands Business Brokers
Code of Ethics

This Code of Ethics, is how we choose to conduct business at Hawaiian Islands Business Brokers (HIBB). The code is for use by all Brokers of HIBB as a means of establishing a uniform standard of conduct for our business brokers/agents.

PRELUDE

We will adhere to the ethical principals of business and believe that the investment risk and effort required to-build a profitable ongoing business or enterprise deserves a fair evaluation and a straightforward, professional and honest presentation to both seller and buyer.

Brokers shall keep themselves informed as to the trends affecting business sales.

Brokers shall make every reasonable attempt to protect all parties to a transaction from fraud, misrepresentation and/or unethical practices.

Brokers shall not represent themselves as experts in legal or accounting matters and shall recommend to clients that they use professionals in these areas.

Brokers shall not use coercion or deception to promote the sale of any business opportunity.

Brokers shall make every attempt to properly evaluate a business to be listed using generally accepted methods of evaluation. They shall make every attempt to properly list a business at the evaluated price.

Brokers shall not undertake any business evaluation or appraisal that is beyond their level of expertise.

Brokers shall make full disclosure to the buyer if they also represent the seller in the transaction.

Brokers, in accepting employment as agents, pledge to protect and promote the interests of their clients.

Brokers shall promote the use of trained professional business brokers whenever possible, thus developing the skills necessary to rise to a higher level of professionalism.

Brokers shall strive to further their education in the profession of business brokerage, thus developing the skills necessary to rise to a higher level of professionalism.

Brokers shall abide by all the Real Estate Laws of the State of Hawaii and by the Rules and Regulations of the Real Estate Commission of the State of Hawaii.

Brokers shall promote the sole and exclusive listing of any property they attempt to sell.

Brokers shall never directly contact another Brokers client without first having communicated and received permission to do so from said member. No broker shall show another Broker's listed business without first obtaining permission to do so from the listing member.

Brokers shall, in the best interests of the brokerage, be active in community affairs.

Brokers shall conduct their business as to avoid controversies with their fellow brokers and cooperate in all matters, including investigation, censure, discipline, or dismissal of Brokers who, by their conduct, prejudice their professional status or the reputation of the brokerage.

Brokers shall not discriminate in any way against any client or customer in the course of their business activity, based on that person's race, sex, national origin or creed.

Brokers shall not use bait and switch techniques to lure buyers by advertising businesses they do not have for sale.