Effective January 1995, the National Association of REALTORS® Code of Ethics was significantly modified to consider the development of new roles for the real estate licensee. Specifically, the ethical considerations relating to the new role of transaction broker, and for buyer agents, have mandated changes in the NAR Code of Ethics. Since 1995, the National Association of REALTORS has continued to revise and expand the Code of Ethics.
National Association of REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time. The training must meet specific learning objectives and criteria established by the National Association of REALTORS®. All applicants for REALTOR® membership must complete an orientation program on the Code of Ethics of not less than 2.5 hours of instructional time. New members should confer with their local association of REALTORS® to inquire about the deadline for completing this training and to learn whether the association offers different training options to complete the training locally. Any training offered to satisfy this new member requirement must meet specific learning objectives and course criteria.
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Changes affected both Standards of Practice and new Articles of Code of Ethics. By use of role playing, small group discussion of case studies, sample problems for task groups, and class general discussion, the student will be presented with relevant data to develop an awareness of the new broker relationships and the ethical considerations each presents.
The course contains numerous multiple choice exams, interactive exercises, and is completed with a multiple choice final exam.
Approved States: NE,OK,OR,TX