The officers, directors, liaisons, Executive and Finance Committee members, and senior staff of NAR and any NAR-owned entity are NAR leaders and shall adhere to this Leadership Integrity Policy.

NAR leaders are charged with advancing the interests of the National Association of REALTORS®. As NAR leaders, they are required to act in the best interests of NAR, rather than in their own personal interests or the interests of another person or entity. Regardless of whether NAR leaders are appointed to their positions by a state or local association, or serve as a consequence of a position with some other entity, the duties are owed to NAR and NAR leaders should act based on their judgment as to what serves the best interests of NAR.

In carrying out NAR’s business, NAR leaders may come into possession of confidential or proprietary information and are required to maintain the confidentiality of all such information entrusted to them. NAR leaders must also maintain in confidence all discussions that take place related to any such confidential or proprietary information.

NAR leaders shall not:

(1) Fail to disclose conflicts of interest;
(2) Take advantage of their positions for personal gain; or
(3) Abuse their position of trust and responsibility.

For example, NAR leaders shall not:

(A) Use non-public information made known to them as a result of their position to their own personal benefit or to benefit another entity.
(B) Fail to disclose an investment in any corporation with which NAR has a business relationship if such investment may create, or give the appearance of creating, a conflict of interest.
(C) Participate in a directed share program (sometimes referred to as a “friends and family” offering) made in conjunction with an initial public offering of stock offered to an NAR leader by virtue of that position unless the directed share program includes all REALTORS®.

Each year, every NAR liaison and member of the Leadership Team, Executive Committee, Finance Committee, and senior staff shall complete a Compliance and Disclosure Certification Form provided by NAR and file such completed form with the NAR General Counsel.