At VLIA, we are committed to upholding the highest standards of professionalism, integrity, and ethical conduct in all our dealings within the vacant land investment sphere across the United States. As members, we abide by the following principles:
Professional Conduct and Integrity:
We conduct ourselves professionally, ensuring integrity and honesty in all our business practices related to vacant land investments.
Accurate Representation: We uphold the responsibility to accurately represent all material facts in our dealings, ensuring transparency and honesty.
Compliance with Laws and Regulations:
We strictly adhere to all local, state, and federal laws governing vacant land transactions, including adherence to housing code standards for health, safety, and habitability.
Due Diligence:
Prior to any transaction, we undertake thorough due diligence, encouraging others to do the same. This ensures informed decision-making and minimizes risks.
Conflict of Interest:
We avoid situations where our personal interests conflict, or may appear to conflict, with the best interests of VLIA and its objectives.
Exemplary Role Models:
We aspire to be positive role models within the real estate investment community, portraying professionalism and ethical conduct when dealing with tenants, the public, media, government entities, and other stakeholders.
Representation and Approval:
Members will not make unauthorized representations to the public, press, or media regarding VLIA's stance on any matter without explicit written approval from the Executive Committee.
Promotion and Usage:
We promote VLIA positively within the community and pledge not to use VLIA's logo or identification materials without explicit written permission from the Executive Committee.
Ethical Complaints Procedure:
Any member perceiving unethical behavior within VLIA must submit a written complaint to the Executive Committee, which will be thoroughly reviewed. The Executive Committee may impose sanctions, including suspension or permanent expulsion from VLIA if deemed necessary.
ADHERENCE AND AGREEMENT: By becoming a member of VLIA, individuals affirm their commitment to uphold and abide by this Code of Ethics in all vacant land investment activities.
This code establishes a framework for ethical conduct tailored specifically for vacant land investment practices on a national scale, ensuring a commitment to integrity, legality, and professionalism within the association.