The National Association of Realtors Code of Ethics

What is an important component of The National Association of Realtors code of ethics?

- That members who violate the code may be sanctioned or even suspended

Answer:

The important component of The National Association of Realtors code of ethics is that members who violate the code may be sanctioned or even suspended.

The National Association of Realtors (NAR) has a code of ethics that all Realtor members agree to support. This ethical code is essential for maintaining professionalism and integrity within the real estate industry. One of the key components of this code is the consequences faced by members who violate its principles.

When a member of NAR breaches the code of ethics, they may be subject to sanctions or even suspension. This serves as a deterrent to prevent unethical behavior and ensures that all Realtors adhere to the standards set by the association. By enforcing these consequences, NAR upholds the values and integrity of the real estate profession.