All Professional Standards changes are in effect as of Jan. 1, so they’re effective now. MLS policy changes are effective as of Jan. 1, but local Realtor®-owned MLSs have until March 1 to adopt the changes into their local rules.
The National Association of Realtors® board of directors will vote on recommendations recently approved by NAR’s Professional Standards Committee. The six recommendations regarding the Code of Ethics applicability to discriminatory speech and conduct will be presented at the Nov. 13 board meeting.
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.
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.