In recognition and appreciation of their obligations to clients, customers, the public, and each other, REALTORS® continuously strive to become and remain informed on issues affecting real estate and, as knowledgeable professionals, they willingly share the fruit of their experience and study with others. They identify and take steps, through enforcement of this Code of Ethics and by assisting appropriate regulatory bodies, to eliminate practices which may damage the public or which might discredit or bring dishonor to the real estate profession. REALTORS® having direct personal knowledge of conduct that may violate the Code of Ethics involving misappropriation of client or customer funds or property, willful discrimination, or fraud resulting in substantial economic harm, bring such
MANDATORY CODE OF ETHICS TRAINING
Mandatory ethics training requirements for new and continuing REALTOR® members was established by the National Association’s Board of Directors at the 1999 Annual Convention and went into effect for all active REALTOR® members on January 1, 2001. In November of 2019 NAR's Board of Directors approved a change to the Code of Ethics training requirement, extending it from every two years, as previously prescribed, to every three years. This extends the current cycle deadline to Dec. 31, 2021.
What does this mean to members? All active REALTOR® members must take a code of ethics class sometime between January 1, 2018 and December 31, 2021. Failure to meet the mandate is a violation of membership requirements and will result in suspension of membership until the requirement is met or until membership is automatically terminated.
This class meets the NAR mandated requirement for completion of a Code of Ethics class and fulfills the FREC BP requirement.