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NAR has also amended the code to replicate changes in equal opportunity and truthful housing requirements and laws. The code demands respect for others’ exclusive relationships with purchasers and retains disputes between members “within the family” by requiring Realtors to arbitrate or mediate conflicts. The code consists of 17 Articles, 71 supporting Standards of Practice and 131 explanatory case interpretations. If a principal decides not to join the affiliation, not one of the individuals related to that firm can turn into members. Each firm appoints one principal to serve as the “designated Realtor” for the agency.

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Once licensed, the licensee in most states is initially designated a salesperson and should work under a dealer’s license. Some other states have just lately eliminated the salesperson’s license and instead, all licensees in these states routinely earn their dealer’s license. To turn into licensed, most …