REALTOR® Code of Ethics Violation Consequences
What are the potential consequences if a REALTOR® member violates the NAR Code of Ethics?
Choose one:
- Fine
- Suspension
- Expulsion
Answer:
If a REALTOR® member violates the NAR Code of Ethics, they might face disciplinary actions from their local realtor board, which could include a fine, suspension, or even expulsion.
When a REALTOR® member violates the NAR Code of Ethics, they are likely to face disciplinary actions from their local realtor board which could range from fine to suspension or even expulsion depending on the severity and repetition of the violation. The National Association of REALTORS® (NAR) takes adherence to their Code of Ethics very seriously as it represents the standard of professionalism that they expect from their members.
The NAR Code of Ethics is a set of guidelines that governs the professional behavior of its members, aiming to ensure that they conduct business in a way that is fair, ethical, and maintains the integrity and reputation of the real estate industry.