Agency
What is the 'Realtor Code of Ethics' and how does it relate to Nevada license law?
AThe Realtor Code of Ethics replaces Nevada's real estate license laws
BThe Realtor Code of Ethics is the NAR's voluntary code of professional conduct for members; it goes beyond minimum legal requirements and is enforced by local Realtor associations through ethics hearings — not by NRED or NREC✓ Correct
CThe Code of Ethics is mandatory for all Nevada licensees by state law
DThe Code of Ethics is the same as NRS 645 requirements
Explanation
The NAR Code of Ethics is a voluntary professional standard for NAR member Realtors. It has 17 Articles covering duties to clients, the public, and other Realtors. It is enforced by local Realtor associations (GLVAR, NNRMLS) through ethics hearings and professional standards proceedings — not by NRED. Non-Realtors with Nevada licenses are not bound by the Code of Ethics but are bound by NRS 645. The Code often sets higher standards than state law requires.
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