NAR Changes in 2016 involving Realtor Ethics & Excellence

By
Real Estate Agent with Sun Lakes Realty DRE #01492138

NAR Changes in 2016 involving Realtor Ethics & Excellence 

 

The NAR Board of Directors (850 members) met last week and discussed changes for all Realtor members.

1.   Code of Ethics which is already in place but will change from every four years to 2 years.

2.   Code of Excellence- Updated education classes to include Social Media, consumer privacy protection, data accuracy political advocacy, technology and professional courtesies.

3. Updated and Upgraded MLS for all Realtors across the nation.

 

*These 3 areas were approved and changes to take place in 2016.

 

4. This area, #4, was not approved by the Board of Directors. Here are the areas they were discussing. They discussed rating each REALTOR based on these areas below.

·      Market area, School, Transportation, level of local market Knowledge.

·      List of sold properties: property addresses, type and sold price.

·       License, designations and credentials.

·      Involvement in civic, charitable, and community involvement.

·      The REALTORS® areas of real estate expertise and specialization.

·      Contact information, including a recent photo.

·      Brokerage office information: location, contact information, and license number.

·      Languages spoken.

The number of years of membership in NAR.

·      Level of education, including in the areas

consumers value.

·      Consumers to post reviews and for REALTORS® to

respond to them.

·      REALTORS® general interests.

 The ratings were not going to include data from Zillow, Trulia, or Google or the agents websites as they do not deem them as accurate.

 

This area, #4, may be revisted at the May 2015 NAR convention. I am sure these changes are not going away and if not May probably next November.

 

Though I believe following the code of ethics, staying on top of education and working stats are extremely important but how does a Realtors general interest have anything to do with their rating?

What do you think of this proposal by NAR? 

 

Thanks for Reading my Real Estate Blog.....

 

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Ambassador
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Really interesting Kristin, I did not know about the NAR's Code of Excellence as part of the next CE we take. Thanks for the heads up.

You did a fine job of outlining the topics most important to a Realtor for our near future.

Nov 12, 2014 01:21 PM #1
Ambassador
1,241,448
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

I have been writing and editing this article since it was still on the table. Thought I would wait to see what the vote was. I think they made some good decisions. I know they are trying to cut down on licensees who do not pay their dues by having the rating system though that was not mentioned. 

Nov 12, 2014 01:40 PM #2
Rainmaker
3,223,028
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kristin I am glad NAR is doing some of these things, often time we think all they do is collect our dues and sell us down the river....these are all very positive steps in the right direction...Endre

Nov 12, 2014 01:58 PM #3
Rainmaker
670,778
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

Thanks for sharing them, Kristin. Hope you are having a wonderful day :)

Nov 13, 2014 12:30 AM #4
Ambassador
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Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Endre,

Not sure I like the rating system but I am always getting designations so maybe they will help me.

Nov 13, 2014 01:11 AM #5
Ambassador
1,241,448
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Patty,

Nice to hear from you and hope you are having a terrific week. How is Roo? Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR 

Nov 13, 2014 01:12 AM #6
Ambassador
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Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Kristin ... thanks for the update and your post has been featured to the group:

EXPRESS WITH WORDS AT ACTIVERAIN

Nov 13, 2014 07:36 AM #7
Rainmaker
774,028
Joanna Cohlan
Fresh Eyes For Your Home - Chappaqua, NY
Designing, Decorating & Staging Westchester Homes

Hi Kristin, sounds like the NAR is definitely including relevant issues in their code of ethics and focusing on important areas for realtor education.  Thank you for letting us know!

Nov 13, 2014 10:11 AM #8
Ambassador
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Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Robert,

Thanks for posting this in your group "Express with words at Activerain". How is your traveling coming along?

Nov 13, 2014 01:42 PM #9
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Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Joanna,

NAR definitely has our best interest at heart. It will be interested to see what they do next year.

Nov 13, 2014 01:43 PM #10
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