Understanding How the NAR Enforces the Code of Ethics

Question:

Realtor® Janice wants to research how the NAR enforces the code of ethics. Which article of the code should she look to?

Answer:

If a realtor® wants to research how the NAR enforces the Code of Ethics, they should look to Article 1 of the Code of Ethics.

Explanation:

The National Association of Realtors (NAR) Code of Ethics is a set of principles that guide the behavior of real estate professionals. The Code of Ethics is intended to promote honesty, integrity, and fairness in the real estate industry, and it is enforced by the NAR.

Article 1 of the Code of Ethics sets out the general principles that guide the behavior of real estate professionals. It states that Realtors® must be honest and truthful in their dealings with clients, customers, and the public, and they must be committed to providing fair and equitable treatment to all parties involved in a real estate transaction.

Other articles of the Code of Ethics cover specific issues and topics, such as duties to clients and customers, duties to the public, and duties to other Realtors®. These articles provide detailed guidance on how real estate professionals should conduct themselves in various situations, and they help to ensure that the Code of Ethics is upheld in all aspects of the real estate industry.

However, to understand how the NAR enforces its ethical guidelines, Realtor® Janice should look to the later articles, specifically Articles 14 through 17, of the NAR's Code of Ethics. These articles address disciplinary actions and dispute resolutions, providing insight into the enforcement mechanisms of the association.

Realtor® Janice can refer to the actual text of the Code of Ethics to understand the specific procedures and responsibilities outlined in these later articles. By examining these sections, she will gain a comprehensive understanding of how the NAR upholds its ethical standards and maintains professionalism within the real estate industry.