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The NVAR Legal Team will post videos, news and FAQ articles to keep you up to date about Advertising, General Contracts and other issues. If you have further questions, please contact our Professional & Legal Education and Services Department by using our Legal Hotline.

Welcome to the NVAR Legal Portal

If you have a suggestion about an issue that you would like to see our attorneys discuss, email them to legal@nvar.com. All other inquires should be directed to your Legal Hotline

 

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In November 2020, the Board of Directors of the National Association of Realtors® (“NAR”) adopted an update to Article 10 of the Realtor® Code of Ethics (“Code of Ethics”). This update provided a new Standard of Practice (SOP 10-5) that went into effect immediately and states:

Many brokers are asking: “Can my firm advertise resales, vacant land and new construction properties that are for-sale-by-owner (“FSBO”) on our website without listing it in the MLS?”

IN A COMPETITIVE MARKET, effective advertising can make all the difference.

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