Legal Library
Changes coming to Code of Ethics in 2019
October 25, 2018
Author: UAR
The Code of Ethics is continuously updated and revised each year, but major additions are rare. Effective January 2019, NAR has approved a significant change to the standards of practice of Article 1. When requested, the change requires seller’s agents to provide a written confirmation to buyer’s agents that their offers have been presented to the seller or that the seller has waived that obligation. Buyers and agents often become frustrated when offers are submitted and there is no communication from the seller’s agent. This change will reduce the frustration resulting from a lack of communication. Starting next year, avoid potential ethics violations by making sure you reply to requests from buyer’s agents to receive a written confirmation that you presented the offer or that your seller waived that obligation.