The National Association of REALTORS® (NAR) Code of Ethics course required for all NAR members is due 12/31/18. The 2.5 hours on the NAR Code of Ethics is now due every two years. Although the requirement has been in place since 2001, the initial 4-year cycle was changed to a 2-year cycle. So now it will not coincide with your state of Ohio ethics requirement.
Any ethics course taken that satisfies the state of Ohio Canons of Ethics requirement (3-hours) will satisfy the NAR Code of Ethics class requirement.
If you've taken the Columbus REALTORS® New Member Orientation or one of our Ethics courses in 2017 or 2018, we have a record of your attendance and you need do nothing else.
However, if you have taken an ethics course at another school or course provider in the last two years, you need to email a copy of that CE certificate to Lucy Buzzee. Or notify Columbus REALTORS® with proof that you have taken a qualifying ethics course in the last two years.
Columbus REALTORS® will report to NAR that you have complied with the requirement.
Options for courses:
Note to Commercial members: SIOR and CCIM have ethics courses that meet the NAR requirement. If you are a member of either of those societies and have taken an ethics training course since Jan. 1, 2017, NAR has a record of compliance.
What happens if a REALTOR® doesn’t meet the training requirement on time?
From NAR: Failure to meet the requirement is a violation of a membership requirement and results in suspension of membership until the requirement is met or until membership is automatically terminated.
What are the consequences of membership suspension?
From NAR: A REALTOR® who is suspended for not meeting the REALTORS® ethics training requirement – all the rights, privileges, and services he or she is entitled to receive because he or she is a REALTOR® are suspended until he or she satisfies the training requirement. While suspended, his or her obligation to abide by the Code of Ethics continues, as does the obligation to pay dues.
What are the consequences of membership suspension on MLS?
Suspension of REALTOR® membership will, in most instances, have no effect on MLS participatory or user/subscriber privileges.
The exception would be if a REALTOR® (principal) MLS Participant is suspended for not meeting the ethics training requirement. Under such circumstances, continued MLS access is not available to licensees affiliated with a suspended Participant unless participatory privileges are transferred to another principal in the firm. MLS participatory rights cannot be suspended for REALTORS® (principals) in states where MLSs are required by law to provide MLS participatory rights to nonmembers or where an association has voluntarily opened its MLS to nonmember participation.
How long can a member be suspended for not completing their REALTORS® ethics training?
Failure to meet the requirement for any two-year cycle will result in suspension of membership for the first two months (January and February) of the year following the end of any two (2) year cycle or until the requirement is met, whichever occurs sooner.
On March 1 of that year, the membership of a member who is still suspended as of that date will be automatically terminated.