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NAR Board Enhances Core Standards, Adopts Policy on Student Loan Debt The National Association of REALTORS®’ Board of Directors at its May 14 meeting in Washington voted to add several requirements to the Organizational Alignment/Core Standards for REALTOR® associations and adopted a policy that seeks to ease student debt burdens that threaten to make it harder for people to become home buyers. The board kept NAR dues at $120 for 2017, approved a three-year extension of the $35 special assessment that funds the consumer advertising campaign, and approved creation of a uniform communications platform for NAR's committees, advisory boards, and forums. Core Standards --Engage in at least two activities per year that demonstrate how the association is the “Voice for Real Estate" in its market, and at least two activities demonstrating the association’s investment in the community. --Require six hours of professional development for volunteers who carry out responsibilities that would otherwise be handled by paid staff. --Offer, promote, or provide at least one professional development opportunity for members every year. --Annually certify that they have conducted an activity promoting REALTOR® safety. --Provide resources for or access to leadership development education or training for their elected REALTOR® leaders, and document those resources. --Include a voluntary political action committee or political advocacy fund contribution on their dues statements, unless prohibited by law. The board decided to transition to a calendar-year compliance cycle for the standards. As a result, the next compliance cycle will last 18 months, from July 1, 2016, through Dec. 31, 2017. Watch for a complete list of updates at REALTOR.org’s Core Standards page. MLS policy Student loan debt Board elections The other 2017 officers are Bill Brown of Oakland, Calif., president; Elizabeth Mendenhall, CIPS, CRB, of Columbia, Mo., president-elect; Mabel Guzman, AHWD, of Chicago, vice president; and Kevin Sears of Springfield, Mass., vice president. Committee communications Homelessness Association name changes RPAC In addition, the board voted to phase out the Large Firm Involvement Advisory Board because its activities are covered under the REALTOR® Party. Grants to REALTOR® associations Homebuyer savings accounts Professional standards -- Ensure accountability on the part of terminated or resigned respondents so they may not circumvent their obligations under the REALTOR® Code of Ethics by resigning or otherwise causing membership to terminate prior to an ethics complaint being filed or prior to an ethics hearing being held. -- Require ethics hearing panels to specify consequences for failure to comply with discipline imposed in ethics cases, thereby increasing the association's ethics enforcement capabilities. -- Protect a respondent's right to appeal increased discipline imposed by an ethics hearing panel subsequent to Board of Directors review. -- Provide complainants with additional time, until adjournment of an ethics hearing, to withdraw their complaint should they choose to do so. -- Expedite delivery of an ethics respondent's reply to the complainant, consistent with parallel provisions in the arbitration section of the Code of Ethics and Arbitration Manual. -- Begin the process leading to the selection of an ethics hearing date within five days after a complaint is forwarded for a hearing. While a final hearing date will likely not be selected during this time, involving the parties in a discussion of a time frame greatly reduces requests for continuances closer to the hearing date. RPR® .REALTOR Realtor.com® Recognition In addition, Andrea Bushnell, RCE, CAE, chief executive officer of the North Carolina Association of REALTORS®, is the recipient of the 2016 William R. Magel Award of Excellence. She will be formally recognized at the 2016 REALTORS® Conference and Expo Orlando, Fla. Finally, the board passed resolutions honoring longtime REALTORS® Owen V. Hall of Celina, Ohio, and William P. Thomas of Manahawkin, N.J., who passed away recently. |
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Report compiled by Sam Silverstein, 202/383-1212. NATIONAL ASSOCIATION OF REALTORS® | |||
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