REALTOR® Code of Excellence to Raise Standards The Board of Directors of the National Association of REALTORS® has taken the first step in raising the bar on the profession, agreeing to move forward on the creation of a REALTOR® Code of Excellence for the boards future approval. Its a move that has long been contemplated by both NAR leaders and members who say a higher standard is essential for maintaining their central role in the real estate transaction. Over more than a dozen years, NAR has taken measures to encourage professionalism, including passing a Code of Ethics training requirement, rolling out new designations and certifications, and establishing a masters in real estate program through REALTOR® University. Under the aspirational Code of Excellence, REALTORS® would develop and maintain competencies that directly relate to the relationships they establish and build in the course of carrying out their jobs. These competencies include taking an active role in promoting property rights; building safe, prosperous communities; and staying current with technological and business trends that relate to the real estate profession. The Code of Excellence would also help REALTORS® strive to become proficient in handling data so they can effectively serve as the go-to source for all information related to the real estate transactions they handle. Once the code is implemented, REALTORS® would be required to take training every two years to ensure they remain familiar with the areas it addresses. A related proposal is designed to help REALTORS® stay ahead of the curve, as consumers increasingly rely on ratings in selecting professionals with whom they do business. Not all real estate professionals are REALTORS®, who are bound by a Code of Ethics and have access to a host of continuing education courses and certifications. For a list of local REALTORS, visit ulstercountyboardofrealtors.
Posted on: Mon, 17 Nov 2014 15:26:35 +0000
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