The NAR Board of Directors approved numerous committee recommendations related to the association's advocacy agenda at its May 11 meeting in Washington, D.C., including requiring new applicants for membership to complete 2 hours of fair housing training and existing members to complete 2 hours of training every three years. Recommendations were also approved in the areas of federal taxation, federal financing and housing, and conventional finance.
While OBAR has already begun requiring new applicants to take Fairhaven, this latest change will be a triennial requirement just like ethics. Members will need to begin the 2-hour training during the next Code of Ethics cycle 8 beginning January 1st, 2025. Stay tuned for more information as we get closer to cycle 8.