Changes to NAR’s Code of Ethics and Professional Standards Policies were approved by the Board of Directors on November 13, 2020. The new or amended policies can be grouped into three broad categories:
The new or amended policies can be grouped into three broad categories:
- Changes to the Code of Ethics’ applicability to a REALTOR®’s activities;
- A new Standard of Practice under Article 10 prohibiting discriminatory speech and conduct; and,
- Revisions to the definition of “Public Trust”.
The full text of the changes, along with a comprehensive FAQ, can be found on the Code of Ethics and Professional Standards Policies page.
As association leaders, it is important to know that we are here to answer any questions you may have on the changes or how to enforce them. As noted in the FAQs on the Code of Ethics and Professional Standards Policies page, the Board of Directors approved adoption of a new Appendix XII to Part Four of the Code of Ethics and Arbitration Manual which lays out, with great specificity, the proper application of Standard of Practice 10-5 and revised Policy Statement 29 such that consistent application of these policies can be achieved. NAR’s professional standards policies also include a defined process of checks and balances to protect members and evaluate potential Code violations.
NAR is also providing monthly training to leaders who wish to gain a deeper understanding of the policy changes. Learn more and register for the free training sessions.