January 2005 Issue
Page 4

NAR NEWS

NAR MANDATORY CODE OF ETHICS TRAINING CYCLE BEGINS JANUARY 1, 2005

As per the following policy, members will need to take a minimum of 2.5 hours of approved Code of Ethics training between January 1, 2005 and December 31, 2008. This means all members will have to take the Code of Ethics training again. The Board will be offering classes a minimum of once a year and the on-line course will be offered continuously at no charge.

Members who take the training from other sources are responsible for submitting documentation to the Board office so we can update your record. Any questions, please feel free to call the Board office.  

I. Policy Summary for Periodic Ethics Training

Members of the National Association of REALTORS® are required to complete periodic ethics training of not less than 2 hours and 30 minutes of instructional time once every four years. Boards/Associations are required to provide access to such programs to members either on their own, in conjunction with other Boards/Associations, or through some other method (such as home study, correspondence or internet based courses). Any course offered by a Board/Association, regardless of format, must meet the learning objectives and minimum criteria for such courses as established by the National Association of REALTORS® from time to time.

A REALTOR® who has completed such periodic ethics training in any four year period in one Board/Association shall not be required to complete any further ethics training in such period if the REALTOR® is a member of another Board or Boards. In addition, a member may take such courses to satisfy the periodic ethics training through any Board/Association so long as the member can provide satisfactory documentation of completion to the member's primary Board/Association.

A new member of a Board/Association who has completed the New Member Code of Ethics Orientation shall not be required to complete periodic ethics training until the expiration of the four year cycle in which the new member completed the New Member Code of Ethics Orientation.

Failure to complete the required periodic ethics training shall be a violation of a membership duty for which violation the member's primary Board/Association shall suspend the member until such time as the member completes the required training.

This policy shall become effective January 1, 2001 for four year periods beginning with the period, January 1, 2001 through December 31, 2004, and continuing for successive four year periods thereafter.

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