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Housing Wire on NAR Board’s Ethics Recommendation to the 11/24 NAR Delegate Body for 1/25 Update to the NAR COEAM

By |2024-05-13T08:31:54-05:00May 13th, 2024|Legal FAQs|

Code of ethics changes In addition to voting on membership dues, NAR’s board of directors also voted to amend Article 4 of the trade group’s code of ethics, in an attempt to clarify Realtors’ obligations when they have ownership interest in a property. As these changes pertain to the code of ethics, however, they will [...]

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NAR Resources: DC Legislative Podcast, ABR free to Current Members, Settlement Info, Other

By |2024-05-10T09:09:21-05:00May 10th, 2024|Legal FAQs|

Welcome to the Advocacy Scoop, the only podcast that takes you inside the advocacy work of the National Association of REALTORS®. We’ve turned one of our most popular conference sessions into a new, monthly podcast hosted by Chief Advocacy Officer Shannon McGahn and Director of Advocacy Communications Patrick Newton. Now you can stay up to [...]

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Professional Standards, Ethics, Arbitration, Mediation, Ombudsman: Educate Yourself

By |2024-04-30T13:21:49-05:00April 30th, 2024|Legal FAQs|

If you are interested in REALTOR® professional standards, ethics, arbitration, mediation, and or ombudsman, or you serve as a member of the professional standards committee or grievance committee or as a mediator/ombudsman; please begin and continue your self education program at this link over time: https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/educational-resources The National Association of REALTORS® is America’s largest trade [...]

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NAR Code of Ethics Excerpts on Compensation

By |2024-04-29T14:45:36-05:00April 29th, 2024|Legal FAQs|

Article 6 REALTORS® shall not accept any commission, rebate, or profit on expenditures made for their client, without the client’s knowledge and consent. Article 7 In a transaction, REALTORS® shall not accept compensation from more than one party, even if permitted by law, without disclosure to all parties and the informed consent of the REALTOR®’s [...]

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License Law on Compensation Excerpts

By |2024-04-29T14:31:07-05:00April 29th, 2024|Legal FAQs|

Misconduct and Redress SECTION 40-57-710. Grounds for denial of issuance of license or for disciplinary action against licensee. (A) In addition to Section 40-1-110, the commission may deny issuance of a license to an applicant or may take disciplinary action against a licensee who: License Law: (28) allows or creates an unreasonable delay in the [...]

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Consolidation News

By |2024-04-12T12:47:37-05:00April 12th, 2024|Legal FAQs|

https://www.inman.com/2024/04/12/judges-decline-to-centralize-commission-lawsuits/?utm_source=newsflash&utm_medium=email&utm_campaign=newsflash&utm_content=1024355_readmore_0_19700101&message_id=35017945.78741 The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and [...]

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NAR: Negotiation Training

By |2024-03-18T15:42:15-05:00March 18th, 2024|Legal FAQs|

https://www.nar.realtor/education/designations-and-certifications/real-estate-negotiation-expert-rene https://www.nar.realtor/education/designations-and-certifications/accredited-buyers-representative-abr/free-in-2024 https://www.nar.realtor/newsroom/nar-reaches-agreement-to-resolve-nationwide-claims-brought-by-home-sellers https://www.nar.realtor/competition-in-real-estate?cid=ban_BRG-G01&gclid=CjwKCAjwzN-vBhAkEiwAYiO7oKGAacmv3Vv495j38jNWksEnggeKDsTw5d1ymvVamb_eFs26qc-6VBoCExMQAvD_BwE Members asking what they do between now and July 2024 1. Serve your clients and customers professionally. Keep reading SCR legal updates. 2. Start training your associated licensees and yourselves how to: Explain your value. Explain compensation Get the buyer to sign a buyer agency agreement asap Understand how the SCR120 [...]

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NAR: Get ABR Accredited Buyers Representative From NAR at No Additional Cost aka “Free”

By |2024-03-18T15:14:02-05:00March 18th, 2024|Legal FAQs|

https://www.nar.realtor/education/designations-and-certifications/accredited-buyers-representative-abr/free-in-2024 https://www.nar.realtor/newsroom/nar-reaches-agreement-to-resolve-nationwide-claims-brought-by-home-sellers https://www.nar.realtor/competition-in-real-estate?cid=ban_BRG-G01&gclid=CjwKCAjwzN-vBhAkEiwAYiO7oKGAacmv3Vv495j38jNWksEnggeKDsTw5d1ymvVamb_eFs26qc-6VBoCExMQAvD_BwE Members asking what they do between now and July 2024 1. Serve your clients and customers professionally. Keep reading SCR legal updates. 2. Start training your associated licensees and yourselves how to: Explain your value. Explain compensation Get the buyer to sign a buyer agency agreement asap Understand how the SCR120 compensation [...]

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