The newly revised OKCMAR Bylaws is now available for your reference.
Article VI, Section 13 and Article V, Section 5 have been updated to reflect the NAR Board decision to change the Code of Ethics cycle. The Code of Ethics cycle is now a 3-year cycle. The current cycle is Jan 1st, 2019 – Dec 31st, 2021.
According to OKCMAR Bylaws: Article XVI, Section 1a: (a) When Bylaws amendments are mandated by NAR policy, these Bylaws may be automatically amended to reflect the mandate as of the effective date of the mandatory policy authorized by the NATIONAL ASSOCIATION OF REALTORS®. The association shall provide notice of that change in a regular or special membership communication. The OKCMAR Board adopted this amendment on January 30th, 2020 and for this amendment, a membership vote is not required.
The NAR Board of Directors approved a change to NAR’s Code of Ethics training requirement in the November board meeting. The change extends the training requirement from every two years to every three years and extends the current Cycle 6 deadline from Dec. 31, 2020, to Dec. 31, 2021. The next cycle (Cycle 7) will begin Jan. 1, 2022, and end Dec. 31, 2024.
The Code of Ethics cycle change was one of several recommendations of a 2019 presidential advisory group established to study the Code training requirement. Prior to the board meeting, NAR’s Leadership Team approved several recommendations of the advisory group that did not require a board vote:
- That the learning objectives for the existing-member Code of Ethics training be revised to include content on professional conduct, courtesies, business etiquette, and real-life scenarios.
- That NAR establish Code of Ethics training equivalency options that members can take to satisfy the Code of Ethics training requirement, and that the Commitment to Excellence (C2EX) endorsement be an equivalency option.
- That only courses and equivalencies provided by a local, state, or national REALTOR® association can satisfy the Code of Ethics training requirement.
- That an implementation team be appointed to develop a microsite that compiles all available options for fulfilling the Code of Ethics training requirement, including C2EX ethics modules, NAR-approved online courses, and links to association-approved courses.
- That the Core Standards requirements be amended to clarify an association’s duties regarding administration of the Code of Ethics training requirement.