Question

11 of 15
which of the following statements is true regarding the national association of realtors® (nar) code of ethics and standards of practice?
all licensees must abide by the code or risk losing their license.
all nar members must follow the code or risk losing their membership.
compliance with the code is optional, but recommended, for both licensees and nar members.
only brokers must follow the code.

Explanation:

• The National Association of REALTORS® (NAR) Code of Ethics is mandatory for NAR members. Non - members (licensees not in NAR) aren't bound by it to keep their license. Compliance isn't optional for members, and it's not only brokers who must follow it. So the statement "All NAR members must follow the code or risk losing their membership" is true.

Answer:

B. All NAR members must follow the code or risk losing their membership.