Changes to the NAR Code of Ethics
The National Association of REALTORS® Board of Directors made changes to the Code of Ethics at their November 2019 meeting in San Francisco.
REALTORS® have been required to take Code of Ethics training in order to keep their membership since 2001. How often a REALTOR must complete the training has changed a few times since then. The most recent change extends the training requirement from every two years to every three years and extends the current Cycle 6 deadline from December 31st, 2020, to December 31st, 2021. It’s important to note that this requirement is separate from the CE requirement for Louisiana real estate license renewal. In addition, while some education vendors in our state have the Code of Ethics approved for CE credit, it does not necessarily mean a local association will accept it as their Code of Ethics requirement. In the future, only NAR and local associations will be approved to offer Code of Ethics Training.
Prior to the NAR board meeting, the NAR Leadership Team heard and approved recommendations from the Presidential Advisory Group that did not require a vote by the Board of Directors. These include:
· That the learning objectives for the existing-member Code of Ethics training be revised to include content on professional conduct, courtesies, business etiquette, and real-life scenarios.
· That NAR establish Code of Ethics training equivalency options that members can take to satisfy the Code of Ethics training requirement, and that the Commitment to Excellence (C2EX) endorsement be an equivalency option.
· That only courses and equivalencies provided by a local, state, or national REALTOR® association can satisfy the Code of Ethics training requirement.
· That an implementation team be appointed to develop a microsite that compiles all available options for fulfilling the Code of Ethics training requirement, including C2EX ethics modules, NAR-approved online courses, and links to association-approved courses.
· That the Core Standards requirements be amended to clarify an association's duties regarding administration of the Code of Ethics training requirement.
Regarding Professional Standards, a new Standard of Practice was adopted under Article 3 that REALTORS® may not refuse to cooperate on the basis of a broker's race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.
For more information on the changes made at the November 2019 NAR Board of Directors meeting, view this NAR Special Report .
