The activities of real estate professionals (property agents and managers) require increasingly more rigour, professionalism, in-depth knowledge in areas as varied as law, taxation, insurance, economics, accounting, building technologies, sociology, financing mechanisms, information technology, town planning, regional planning, valuation etc. Furthermore, this knowledge must be constantly updated by continued professional development. CEPI responds to this demand for transparency, integrity and independence placed upon real estate professionals as a result of the civil, economic and social role allotted to them, and takes these self-commitment responsibilities very seriously. CEPI believes that it has established the principles of a common European Code of Conduct and Ethical Behaviour (‘the Code”). The principles set out in the Code aim to ensure and to best guarantee quality of services such as, confidentiality and avoidance of conflicts of interest in the interest of the common good and the conservation of the professional inheritance for future generations. Each national association member of CEPI is invited to translate these principles into its national code, unless it conflicts with national legislation or practices. In case of a conflict between national codes and this European set of principles or in those cases where existing national codes would appear to be stricter than the European Code, national codes will prevail as they are more targeted to the national specificities and existing national rules, habits and regulations.