Code of Ethics Training
NAR mandates that all REALTOR® and Appraiser members of the REALTOR® organization must complete training on the NAR Code of Ethics as a requirement of membership. The training must meet the learning objectives and time requirements established by the National Association of REALTORS® (NAR).
What Code of Ethics Training is required for New Members?
All new members must complete the required Code of Ethics training within the time period specified in the governing documents. Code of Ethics training must be completed by new and returning members, per the RLCAR Bylaws.
What Code of Ethics Training is required for Existing Members?
Every three (3) years, all existing, or active REALTOR® members (which included Appraisers) must complete a refresher training on the Code of Ethics as a requirement of continued membership. This training for existing members must also meet the learning objectives and time requirements established by the National Association of REALTORS® and be approved by the local association of the primary members.
What is the current 3 year period or cycle for meeting the Code of Ethics Training Requirement?
The current three year period in which all members must complete a Code of Ethics training, approved by their Local Association, began January 1, 2019, and will end on December 31, 2021. NAR refers to this period as Cycle 6.
What happens if this requirement is not met by a member?
In early January, 2022, NAR will provide RLCAR with the names of members who have not met their Code of Ethics Training Requirement. Membership and all related services will be suspended for all people identified on that list until the requirement is met. Suspended members who do not meet the requirement by March 1 will be terminated.
What is RLCAR's role in the Code of Ethics training process?
The local association (RLCAR) is authorized by NAR to determine which Code of Ethics training programs it will accept as meeting the learning objectives established by NAR.
The local association has responsibility for recording and transmitting all Code of Ethics training records for primary members to the National Association of REALTORS®.
Per NAR directive, the local association must suspend any member who does not meet the Code of Ethics training requirement within the current biennial period.
How can you meet the Code of Ethics Training Requirement for Existing Members?
If you join/joined RLCAR within the current period (Jan 1, 2019 – Dec 31, 2021), the 2.5 hour class offered for free on the NAR website meets the requirement for the current 3 year period ending December 31, 2021. Since you attended that class online, your records are transmitted to RLCAR by NAR. No additional action is required by the member.
For existing members, RLCAR will accept the following courses as meeting the NAR Code of Ethics and Enforcement requirement either online or in person to meet the requirement for the period January 1, 2019 through December 31, 2021.
Business Ethics in Real Estate
Cracking the Code of Ethics
GRI- REALTORS® Ethical Road Map
New Mexico Ethics in Real Estate
Professional and Ethical Practices in Real Estate
REALTOR® Code of Ethics
When you Come to the Fork in the Road, Take It