Agency
A Colorado broker who is a member of the National Association of REALTORS (NAR) is bound by:
AA. Only Colorado license law
BB. Both Colorado license law and the NAR Code of Ethics✓ Correct
CC. Only the NAR Code of Ethics, not state law
DD. Neither, as NAR membership is voluntary
Explanation
A Colorado broker who is a REALTOR (member of NAR) must comply with both Colorado real estate license law and the NAR Code of Ethics. The Code of Ethics sets professional standards above and beyond the minimum required by law.
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