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 brokers, it is important to know that the changes broaden enforcement of the Code to extend beyond its current limits of real estate transactions and real estate-related activities. But to the extent that the changes expand the reach of the Code, this added reach ought not increase a REALTOR®’s or REALTOR®-Principal’s liability under the law. NAR’s professional standards policies include a defined process of checks and balances to protect members and evaluate potential Code violations.
NAR is offering monthly training to leaders who wish to gain a deeper understanding of the policy changes. Learn more, and register for the free training sessions.