There are new changes regarding ethics violations that will affect real estate license holders coming next year.
Real estate license holders will now know more about the other professionals they are dealing with.
If REALTORS® are found to have committed a Code of Ethics violation twice in a 3-year period, the local board will make the real estate license holders wrongdoing(s) known to their members. The local board will also release their name, photo, and the violation. However, this information will not be released to the general public. You can click here to read more from NAR.
This policy is based on a similar program adopted by the California Association of REALTORS®. NAR recently voted to end this program since the national program will begin next year. Local boards can choose to opt into this new program.
Make sure you stay in compliance with the Code of Ethics
RealEstateCE's Doing The Right Thing - The Code CE course reviews the NAR Code of Ethics. This course is designed to meet the requirements of New Member Orientation Program, and Quadrennial REALTOR® Ethics Training as found in the NAR Code of Ethics and Arbitration Manual.
Did you know that the Code of Ethics goes back to 1913? The Code of Ethics covers many aspects of real estate both general business principles and ethical matters as well as the personal conduct of real estate license holders. The Code of Ethics helps make sure everyone is doing the right thing in all aspects of a real estate transaction. It is for protection of the real estate license holders as well as the consumer.
You can also view the most recent Code of Ethics and Standards of Practice of the National Association of Realtors® by clicking here.
Want to learn more?
This information is current as of June 2018.