There seems to be much confusion regarding the National Association of REALTOR® Code of Ethics training requirements so we are going to review the WHO, WHAT, WHEN, and WHERE of the NAR training requirement. Note that changes were made to the frequency of this training requirement which are effective January 1, 2017.
WHO is required to take REALTOR® Code of Ethics training? All REALTORS® which means individuals that are members of America’s largest trade association, The National Association of REALTORS®. It represents over 1.1 million members and is composed of residential and commercial REALTORS® who are brokers, salespeople, property managers, appraisers, counselors, and others engaged in the real estate industry. Members belong to one or more of approximately 1,200 local associations/boards and 54 state and territory associations of REALTORS®. Here are the local NC Realtor Boards and South Carolina Realtor Boards. If you are a member of a board/association, then you are required to take the Code of Ethics training. You may be a Real Estate Broker (have your real estate license) and not be a member of a REALTOR® board/association. In this case, you are not required to take the Code of Ethics.
WHAT is the current requirement? REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time within two-year cycles. The training must meet specific learning objectives and criteria established by the National Association of REALTORS®.
WHEN is the training required? A new two-year cycle began January 1, 2017. The deadline for this cycle is December 31, 2018. The old requirement was an every 4 year cycle (quadrennial). That has changed effective January 1, 2017. All REALTORS® now must take Code of Ethics on a two year cycle.
WHERE can I get this training? Training may be completed through local REALTOR® associations or through another method, such as online Code of Ethics continuing education approved for both Code of Ethics training and NC Real Estate Commission elective credit, home study, correspondence, or classroom courses. At Real Time Learn, we offer several different online video course options to easily satisfy your code of ethics training requirement:
This course reminds us where the right path is. We look at North Carolina License Law and the REALTOR® Code of Ethics. Are they so very different? Hardly. A few small differences here and there but if you can stay on the path of either, you are likely on the path of both. This version of the course uses commercial real estate case studies to illustrate the application of the REALTOR® Code of Ethics in everyday commercial real estate practice. Cindy is a seasoned commercial broker and was the 2015 NC Realtor of the Year. This course is approved for both NAR Code of Ethics training AND 4-hours of NC Real Estate Commission Elective Credit. Learn more>>
The real estate profession is full of ethical dilemmas. Understanding how to navigate through these dilemmas is incredibly important to you and your clients. This course provides an overview of the NAR’s REALTOR® Code of Ethics as well as guidelines for solutions. The benefit to you is a sense of confidence in doing the right thing. Jo was the 2015 NCREEA Educator of the Year and has a passion for providing coaching and training to brokers that will have an immediate impact on their businesses. This course is approved for both NAR Code of Ethics training AND 4-hours of NC Real Estate Commission Elective Credit. Learn more>>
Realtors® won’t want to miss this exciting, interactive 2.5 hour Ethics class with Cindy Chandler that will count for your REALTOR® Code of Ethics training requirement. Participants will learn the fundamentals of how the process works. Everything is covered, from filing a complaint to how a hearing works, and ultimately why agents may or may not get paid. This is a fast paced learning experience with real case studies. Learn more>>
Please let us know if we can answer any questions regarding REALTOR® Code of Ethics training or any other real estate education you may have.