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<h1 style='margin-top:0in;line-height:30.0pt;background:white'><span
style='font-size:30.0pt;font-family:"Helvetica","sans-serif";color:#006BB7'>Changes
to the Code of Ethics: Overview and Training Opportunities<o:p></o:p></span></h1>

<p class=MsoNormal style='background:white'><span class=date-display-single><span
style='font-size:10.5pt;font-family:"Helvetica","sans-serif";color:#727272'>November
23, 2020</span></span><span style='font-size:10.5pt;font-family:"Helvetica","sans-serif";
color:#727272'><o:p></o:p></span></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:.25in;
margin-left:0in;line-height:19.5pt;background:white;box-sizing: inherit;
min-height: 1.5em'><span style='font-size:11.5pt;font-family:"Helvetica","sans-serif";
color:#231B18'>Changes to NAR’s Code of Ethics and Professional Standards
Policies were approved by the Board of Directors on November 13, 2020. The new
or amended policies can be grouped into three broad categories:<o:p></o:p></span></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:.25in;
margin-left:0in;line-height:19.5pt;background:white;box-sizing: inherit;
min-height: 1.5em'><span style='font-size:11.5pt;font-family:"Helvetica","sans-serif";
color:#231B18'>The new or amended policies can be grouped into three broad
categories:<o:p></o:p></span></p>

<p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:7.5pt;
margin-left:24.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2;background:white'><![if !supportLists]><span
style='font-size:12.0pt;font-family:"Helvetica","sans-serif";color:#231B18'><span
style='mso-list:Ignore'>1.<span style='font:7.0pt "Times New Roman"'>   
</span></span></span><![endif]><span style='font-family:"Helvetica","sans-serif";
color:#231B18'>Changes to the Code of Ethics’ applicability to a
REALTOR®’s activities;</span><span style='font-size:12.0pt;font-family:
"Helvetica","sans-serif";color:#231B18'><o:p></o:p></span></p>

<p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:7.5pt;
margin-left:24.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2;background:white'><![if !supportLists]><span
style='font-family:"Helvetica","sans-serif";color:#231B18'><span
style='mso-list:Ignore'>2.<span style='font:7.0pt "Times New Roman"'>   
</span></span></span><![endif]><span style='font-family:"Helvetica","sans-serif";
color:#231B18'>A new Standard of Practice under Article 10 prohibiting
discriminatory speech and conduct; and,<o:p></o:p></span></p>

<p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:7.5pt;
margin-left:24.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2;background:white'><![if !supportLists]><span
style='font-family:"Helvetica","sans-serif";color:#231B18'><span
style='mso-list:Ignore'>3.<span style='font:7.0pt "Times New Roman"'>   
</span></span></span><![endif]><span style='font-family:"Helvetica","sans-serif";
color:#231B18'>Revisions to the definition of “Public Trust”.<o:p></o:p></span></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:.25in;
margin-left:0in;line-height:19.5pt;background:white;box-sizing: inherit;
min-height: 1.5em'><span style='font-size:11.5pt;font-family:"Helvetica","sans-serif";
color:#231B18'>The full text of the changes, along with a comprehensive FAQ,
can be found on the <a
href="https://www.nar.realtor/national-leadership/committee-members-liaisons/code-of-ethics-professional-standards-policies"><span
style='color:#004282'>Code of Ethics and Professional Standards Policies</span></a> page. <o:p></o:p></span></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:.25in;
margin-left:0in;line-height:19.5pt;background:white;box-sizing: inherit;
min-height: 1.5em'><span style='font-size:11.5pt;font-family:"Helvetica","sans-serif";
color:#231B18'>As association leaders, it is important to know that we are here
to answer any questions you may have on the changes or how to enforce them. As
noted in the <a
href="https://www.nar.realtor/national-leadership/committee-members-liaisons/code-of-ethics-professional-standards-policies#changesfaqs"><span
style='color:#004282'>FAQs on the Code of Ethics and Professional Standards
Policies page</span></a>, the Board of Directors approved adoption of a <a
href="https://cdn.nar.realtor/sites/default/files/documents/CoE-professional-standards-policies-approved-by-BOD-11-13-2020.pdf"><span
style='color:#004282'>new Appendix XII to Part Four of the Code of Ethics and
Arbitration Manual</span></a> which lays out, with great specificity, the
proper application of Standard of Practice 10-5 and revised Policy Statement 29
such that consistent application of these policies can be achieved. NAR’s
professional standards policies also include a defined <a
href="https://www.nar.realtor/professional-standards-process"><span
style='color:#004282'>process of checks and balances</span></a> to protect
members and evaluate potential Code violations.<o:p></o:p></span></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:.25in;
margin-left:0in;line-height:19.5pt;background:white;box-sizing: inherit;
min-height: 1.5em'><span style='font-size:11.5pt;font-family:"Helvetica","sans-serif";
color:#231B18'>NAR is also providing monthly training to leaders who wish to
gain a deeper understanding of the policy changes. <a
href="https://www.nar.realtor/events/breaking-down-the-changes-to-the-code"><span
style='color:#004282'>Learn more and register for the free training
sessions</span></a>. <o:p></o:p></span></p>

<p class=MsoNormal><o:p> </o:p></p>

<p class=MsoNormal><o:p> </o:p></p>

<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#FF0080'>Tiffany M. Hendricks</span><span style='font-size:16.0pt;
font-family:"Times New Roman","serif";color:#1F497D'><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#FF0080'>Executive Officer</span><span style='font-size:16.0pt;
color:#FF0080'><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#FF0080'>Greater Pocatello Association of REALTORS®</span><span
style='font-size:16.0pt;color:#FF0080'><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#FF0080'>978 W. Alameda</span><span style='font-size:16.0pt;color:#FF0080'><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#FF0080'>P.O. Box 2552</span><span style='font-size:16.0pt;color:#FF0080'><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#FF0080'>Pocatello, ID 83206</span><span style='font-size:16.0pt;
color:#FF0080'><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#FF0080'>Phone (208) 237-2600</span><span style='font-size:16.0pt;
color:#FF0080'><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#FF0080'>Fax (208) 237-8344</span><span style='font-size:16.0pt;
color:#FF0080'><o:p></o:p></span></p>

<p class=MsoNormal><span style='color:black'><img border=0 width=624 height=78
id="Picture_x0020_1" src="cid:image001.png@01D6C89B.ADF578C0"
alt="cid:3b2273ed-7e9f-44a5-9fa1-cf6dde4a811a"></span><o:p></o:p></p>

<p class=MsoNormal><o:p> </o:p></p>

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