Together, the Professional Standards Committees (Professional Standards, Mediation and Grievance) are charged with the responsibility for the enforcement of the National Association of REALTORS® Code of Ethics, the MLS Rules that do not have automatic fines and all other membership duties and obligations. Bay East has several programs in place to assist you in resolving ethics or arbitration issues.
NAR adopted the Code of Ethics in 1913, following the professions of medicine, law, and engineering.REALTORS® are real estate professionals who have chosen to join the National Association and abide by its strict Code of Ethics.
NAR has made some changes to the 2012 Code of Ethics and added a new Case Interpretation. To help you understand the changes and remain compliant with the Code of Ethics, the Professional Standards Committees offer the following documentation:
Short Sales & Professional Standards Over the last five years, short sales have become an important part of today's housing market. However, many REALTORS® still have questions on the proper way to navigate through these transactions.
Over the next few weeks, we will be reviewing the proper way to manage a short sale transaction (from both the listing and buyer agent's perspective) and how to stay compliant with the NAR Code of Ethics.
The term REALTOR® is not only a trademark owned by NAR and protected by federal law, it is also a valuable membership benefit that distinguishes members from all others in the real estate business. Click here to learn more.