We exist and succeed due to the trust we have earned for integrity and fair dealing. The trust of our clients, stockholders and employees is CBRE's most valuable asset. Our RISE value of Integrity requires that we always “take the high road” and deal fairly and honestly with our clients, employees, business partners and even our competitors. As such, no one representing CBRE will take unfair advantage of anyone through manipulation, fraudulent inducements or concealment, abuse of confidential or privileged information, interference with a known contractual relationship or any other unfair-dealing. No monetary benefit is worth conducting business in this manner. Any profit or gain based on disregarding our values is temporary and causes more harm in the long run.
We respect the contracts and commitments we have made and strive to go beyond minimum compliance with the rules governing our business and to operate with the utmost reliability and transparency, especially when the interests of clients or employees are at stake. In addition, we recognize that our competitors have entered into contracts and we will strive to respect them and not unduly interfere in a way perceived to be unfair competition.
When we recruit employees from competitors, we expect them to comply with and honor any agreements and other legal obligations that they have with their current or former employer(s) (e.g., confidentiality, non-solicit or non-competition agreements). CBRE does not want to receive any confidential or proprietary information or trade secrets of our recruits' current or former employers. Any employment offer would be contingent upon the recruit providing us proof that they are free to work in our organization without compromising the integrity of their agreements and that they have returned any property or information belonging to their former employers.
The nature of the real estate services business often results in CBRE owing “fiduciary duties” to third parties, most often our clients. A fiduciary duty is the highest standard of duty under the law. Owing a fiduciary obligation to someone requires us to place that person's interests above our own, to act with due care, to disclose conflicts of interest and to make our decisions in that person's interests. Breaching a fiduciary obligation to a client can have serious legal consequences to you, our clients and CBRE. When representing clients, you are expected to comply with all laws that govern our business operations, which typically require written disclosure and client consent of conflicts.
Please seek guidance from a member of the Legal Compliance Departments if you are unsure as to whether fiduciary duties exist in any situation or the appropriate course of conduct when interacting with the firm's clients.