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Code of Ethic

Pat57

Thread Starter
Sophomore Member
Joined
Sep 24, 2007
Professional Status
Certified Residential Appraiser
State
Illinois
Any one from Illinois and use the MRED, it says we need to take the Code of Ethics, but I just have broker CE classes showing up. I took the code of ethics but it wants my broker license # anyone have any clear info on this? Thanks
 

USPAP Compliant

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
Are you talking about the 4 hour NAR Broker Class? Appraisers who are members of local NAR boards and/or MLS have to take this class. This most be taken every 5 years I believe. The NAR actually has a CODE of ETHICS which is completely ignored by every broker member I have ever know. This is a feel good campaign so members can say they have a strict code of ethics. The NAR code of ethics is not mandated or enforced by any government agency. The Appraisers on the other hand have The ETHICS RULE out of USPAP which is mandated by the goverment agencies thta over see appraisers. It is MANDATORY that appraisers take the USPAP update every 2 years. Many appraisers who are disciplined have in some way violated some portion of The Ethics Rule.
 

Jay Emmar

Junior Member
Joined
Feb 19, 2006
Professional Status
Certified Residential Appraiser
State
Illinois
My local board (Fox Valley) accepts proof that I took the USPAP 7-hour in lieu of the NAR ethics course
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Yep, a local MLS always required it because we were treated as Appraiser Realtor Members of the NAR.
The NE Oklahoma MLS only requires us to pay the dues and we are not required to join the NAR.
 

andrew81

Senior Member
Gold Supporting Member
Joined
Dec 5, 2008
Professional Status
Certified Residential Appraiser
State
Illinois
i am a member of three different MLS and have never been asked to take any classes to become and/or continue to be member.
 

USPAP Compliant

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
i am a member of three different MLS and have never been asked to take any classes to become and/or continue to be member.
It is not the MLS it is the National Association of Realtors (NAR) that requires this of their members. Different areas of the country handle things different ways but the Code of Ethics class is required by NAR.
You can take it online.
 

USPAP Compliant

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
 

USPAP Compliant

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
nar code of ethics 2020 - Bing
  1. 2020 Code of Ethics NAR's Board of Directors approved a change to the Code of Ethics training requirement, extending it from every two years to every three years. This extends the current cycle deadline from Dec. 31, 2020, to Dec. 31, 2021.
 

andrew81

Senior Member
Gold Supporting Member
Joined
Dec 5, 2008
Professional Status
Certified Residential Appraiser
State
Illinois
interesting. i logged into my NAR account and it says this

screenshot.png
 
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