Which of the following is NOT a purpose of the Code of Ethics?

The Code of Ethics serves several important functions within condominium management, primarily aimed at promoting professionalism and integrity in the industry. One significant purpose of the Code is to guide professional conduct, which establishes standards for behavior among practitioners, ensuring that they act in a consistent and ethical manner.

Additionally, the Code is designed to uphold honesty in transactions, helping to foster trust between condominium managers, owners, and other stakeholders. It also plays a crucial role in protecting consumer rights by ensuring that their interests are prioritized and that they are treated fairly and transparently by management professionals.

While the Code of Ethics does include mechanisms to address unethical behavior, such as establishing disciplinary procedures, its primary focus is on guiding and promoting ethical conduct rather than imposing penalties. Therefore, imposing penalties is not considered a primary purpose of the Code; rather, it is a consequence of violations of the ethical standards set forth. This distinction is essential in understanding the overarching role of the Code in creating a framework for ethical behavior within the industry.