Adhering to a Higher Standard: The Code of Ethics

Overview

Attaining the highest level of professionalism and ethical business practices are goals that every licensee should strive for. The National Association of REALTORS® Code of Ethics sets forth the ethical duties that all REALTORS® agree to follow as part of their membership. This course takes an in-depth look at the Code and its practical application to everyday real estate practice. It begins with a broad overview of why ethics is critically important to the real estate industry and then explores the Code's Articles and related Standards of Practice. Numerous case studies and examples are provided to help licensees better understand their ethical duties and steer them towards professionalism and ethical behavior.

This course is designed to meet the Code of Ethics training REALTORS® must complete every three years. Licensees must confirm with their local REALTOR® association if it will accept this course for ethics training.

Learning Objectives

Upon completion, students will be able to:

  • recognize the importance of creating sound ethical principles to guide professional conduct
  • recall the history, structure, and importance of the Code of Ethics and the Standards of Practice
  • explain the ethical duties that REALTORS® owe to the public, to clients and customers, and to other licensees
  • identify the fiduciary duties owed to clients
  • describe the Code's nondiscrimination guidelines, including the addition of Standard of Practice 10-5 to the Code
    of Ethics
  • summarize the enforcement process of the Code of Ethics and the penalties that may be imposed for violations

Designed For

Real estate licensees who need to complete NAR ethics training, state ethics CE requirements, and/or elective CE requirements

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