Among other things, becoming a Realtor® means that you must abide by a Code of Ethics and that you agree to arbitrate fee disputes that might otherwise lead to lawsuits.
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Among other things, becoming a Realtor® means that you must abide by a Code of Ethics and that you agree to arbitrate fee disputes that might otherwise lead to lawsuits.
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Secretary of the Commonwealth Carol Aichele said, “These tough economic times have hit no industry harder than real estate. Selling homes is an economic generator, providing income for Realtors® and their firms, while creating and preserving other jobs.”
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During the National Association of Realtors® (NAR) Annual Convention several changes to the code were adopted that will be reflected in the NAR Code of Ethics effective January 1, 2012.
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Local associations could have the option of mandating mediation in arbitration cases if a proposed change to NAR’s Code of Ethics is approved at the annual meetings in November.
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Nearly 6,700 real estate licensees have renewed their licenses so far and the deadline to renew is fast approaching, according to the State Real Estate Commission.
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Seventy-five hours of education will be required later this year prior to becoming an appraisal trainee under new regulations proposed by the State Board of Certified Real Estate Appraisers, according to Daniel Bradley, board chair.
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Agents who received their licenses between Dec. 1, 2007 and Nov. 30, 2009 are required to take 14 hours of continuing education in specific, mandatory commission-developed courses. Those who received their licenses after Nov. 30, 2009 will be waived from continuing education for the 2010 renewal but will be required to take the...
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With the new year comes new changes to the NAR Code of Ethics and related procedures.
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NAR suggests that practitioners need to be sensitive to claims that virtual staging may be a violation of Article 12 of the Code of Ethics which requires that REALTORS® present a “true picture” in their advertising.
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Saturday, Feb. 4, 2012
