Got Ethics
Did you know that NAR requires all members to take a Code of Ethics course every four years?
Did you know that the new NMREC rule change proposal will require a Code of Ethics course for license renewal?
Did you know that BOTH of these requirements have different deadlines?
Are you confused yet?
We are! However, we are going to try to help you figure it all out.
National Association of REALTORS
REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time within four-year cycles. The training must meet specific learning objectives and criteria established by the National Association of REALTORS®.
»»» The current four-year cycle will end Dec. 31, 2016. «««
New Mexico Real Estate Commission
Proposed – The NMREC will require a Commission approved four (4) hour ethics course for license renewal – every three years. If passed this requirement will likely go into effect this summer.
You may be asking how do you fulfil each requirement?
NAR’s Requirement:
If you were licensed between 2012-2016 you were required to take the online new member COE class as part of your orientation. So, you are covered!
You can take the Existing Member COE course online at any time.
These have not counted for CE CREDIT until now… More below!
When you complete the COE courses at realtor.org your membership record in NRDS is automatically updated to reflect completion.
You also can take a local, or other online CE course and get credit as long as the course covers 2.5 hrs of NAR’s learning objectives and criteria. Check before taking! You must provide a certificate to your local Board/Association to get credit in your member file prior to the quadrennial deadline. They input the data into your member record.
NMREC Requirement:
Not much is known at this point other than the proposed rules will require a FOUR HOUR COE Course for license renewal (every 3 yrs).
Back to CE Credit for the online courses at http://www.realtor.org.
Now, as a NMREC approved education sponsor SCRAR can issue a continuing education certificate, good for 2 CE credits, to you for taking NAR’s REALTOR’s Code of Ethics Training Online – 20120212. The charge to issue this certificate is $20. You just need to provide the email from realtor.org stating you have completed the course.