Colorado REALTOR Digital Magazine January 2011 : Page 2
colorado REALTOR® TABLE OF CONTENTS NAR Updates Code of Ethics ..............................2 CAR eMagazine is Here ........................................3 Housing Stats .......................................................4-5 Changes in Legislature .........................................6 Tech Tools You Can Use .......................................7 National News -MID Update .............................8 FCC Adopts New Rule ...........................................9 What Expert’s Think About Colorado .......... 10 REALTOR® Day at the Capitol ...........................11 Meet Your CAR Leadership .........................12-13 NewsBytes ............................................................. 14 Calendar Of Events ............................................. 14 Make Networking Work For You .....................15 Member & Consumer Benefits ........................17 Counsel Corner .....................................................17 NAR Updates Code of Ethics The REALTOR® Code of Ethics is a dynamic, living document that guides your professional activities and your relationships with other practitioners. Here’s a look at some of the changes NAR approved for 2011. •No discrimination on the basis of sexual orientation. For many years, the Code has assured the public that REALTORS® would not deny any person equal professional services based on their race, color, religion, sex, handicap, familial status, or national origin. In response to the recommendations of several state associations, Article 10 and Standard of Practice 10-3 were amended to add sexual orientation as a protected category. • A greater duty to share information. Article 3 obligates REALTORS® to cooperate with other brokers to promote our clients’ interests. New Standard of Practice 3-9 explains that the duty to cooperate includes a duty to share information about listed property and to make property available to other brokers for showing to prospective purchasers. Standard of Practice 3-7 was clarified, substituting “relationship with the client” for “representational status,” which acknowledges that a REALTOR® performing an appraisal may be seeking information about property yet not actually “representing” a buyer or seller. • Linking to key disclosures on the Web. The Professional Standards Committee continues to consider how the Code applies to the Internet and mobile technology. Standard of Practice 12-5 requires REALTORS® to disclose the name of their firm in all advertising of real estate services and listed property. But in some cases, only a very limited amount of information can be displayed via electronic communication; consider posts on Twitter. Standard of Practice 12-5 was amended to take these limitations into account, and now provides that these displays are exempt from the requirement to disclose the firm’s name, but only if they are linked to all required disclosures. Be sure to practice the REALTORS® Code of Ethics. It’s your adherence to this document that sets us apart from non-REALTOR® licensees. ABOUT The COLORADO REALTOR® is published by: Colorado Association of REALTORS® 309 Inverness Way South Englewood, CO 80112 (303) 790-7099 or 1-800-944-6550 FAX (303) 790-7299 or 1-800-317-3689 EDITOR: Tyrone Adams tadams@coloradorealtors.com DESIGN: Monica Panczer CREATIVE, LLC. PANCZERS@GMAIL.COM The Colorado Association of REALTORS® assumes no responsibility for return of unsolicited manu scripts, photographs or art. The acceptance of advertising by the Colorado REALTOR® does not indicate approval or endorsement of the advertiser or his product by the Colorado Association of REALTORS®. The Colorado Association of REALTORS® makes no warranties and assumes no responsibility for the accuracy or completeness of the information contained herein. The opinions expressed in articles are not necessarily the opinions of the Colorado Association of REALTORS®. This is a copyrighted issue. Permission to reprint or quote any material from this issue is hereby granted provided the Colorado REALTOR® is given proper credit in all articles or commentaries, and the Colorado Association of REALTORS® is given proper credit with two copies of any reprints. The term “REALTOR®” is a national registered trademark for members of the National Association of REALTORS®. The term denotes both business competence and a pledge to observe and abide by a strict Code of Ethics. To reach a CAR director who represents you, call your local association/board. page 2 | www.ColoradoREALTORS.com
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