CARNM

Commercial Association of REALTORS® - CARNM New Mexico

Code of Ethics

The Code of Ethics is the foundation of the REALTOR® organization and provides the standards of practice and professionalism that customers expect and deserve. The training must meet specific learning objectives and criteria established by the National Association of REALTORS®. Read below for requirements.

NAR Code of Ethics

CHANGES: NAR Code of Ethics Requirement

To fulfill the NAR Code of Ethics requirement through a CE course, those courses and equivalencies must be provided by a local, state, or national REALTOR® association.

This means that you must take a qualified ethics course (ex. Business Ethics, Code of Ethics & Enforcement, Ethics in RE) through a REALTOR® association or it will not fulfill your NAR Code Ethics Cycle 7 requirement.

Note: The NAR Code Ethics requirement is a separate requirement from your NMREC licensing ethics requirement.

REALTORS® are required to take the NAR Code of Ethics training every 3 years. Cycle 7 began March 1, 2022 and you are required to fulfill your NAR Code of Ethics by December 31, 2024.
Following the recommendations of a 2019 presidential advisory group, the NAR Leadership Team made several changes to the existing REALTOR® Code of Ethics training requirement to ensure greater member value and more efficient administration of the requirement by associations. Some of those changes are highlighted below.
Beginning March 1, 2022 – the start of the 7th cycle:
  1. Courses must include content on professional conduct, courtesies, business etiquette, and real-life scenarios.
  2. Only those courses and equivalencies provided by a local, state, or national REALTOR® association can satisfy the Code of Ethics training requirement. The Commitment to Excellence (C2EX) endorsement satisfies the requirement. Local associations may, however, partner with a third-party training provider to create a course that satisfies the requirement.
  3. Download a comprehensive implementation chart for these changes (PDF 128.79 KB).

Click here to check your status and complete the Code of Ethics Cycle 7 online.
(Please note: If you have taken the Code of Ethics with another entity besides the NAR online Code of Ethics listed above, you will need to provide your certificate of completion to CARNM for updating your NAR record.)

Code of Ethics: New Members

New members of local REALTOR® associations must complete similar training when they first join. A new member who has completed the New Member Code of Ethics Orientation shall not be required to complete additional ethics training until the next three-year cycle.

New Members may wish to use the following resources to prepare for successful completion of the Code of Ethics Training Requirement:

Code of Ethics: Existing Members

Existing REALTOR® members must complete 2.5 hours of ethics training meeting specific learning objectives and criteria, within three-year cycles.

REALTORS® who have completed the required ethics training within a three-year cycle in one association shall not be required to complete any further ethics training for that same training cycle if the REALTOR® becomes or is a member of another association.

Existing members wishing to fulfill the Code of Ethics Training Requirement can use these resources:

6739 Academy Road NE, Ste 310
Albuquerque, NM 87109admin@carnm.realtor(505) 503-7807

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