The GMAR’s Board of Directors has adopted the National Association of REALTORS
(NAR) citation policy for lock box violations. The policy allows for violators to be fined without scheduling an ethics hearing. However, the respondent will still have the right request a due process hearing.
Complaints will still be reviewed by a Grievance Review Panel. After the review, if the Grievance Committee determines that the allegations contain a citable offense , the case will be forwarded to the Citation Policy Committee for the implementation of sanction. The recommended fine for violating articles 1 and 3 of the Code of Ethics (Standards of Practice 1-16 and 3-9) is $5,000. This policy applies to electronic or mechanical lock boxes.
Standard of Practice 1-16
REALTORS® shall not use, or permit or enable others to use, listed or managed property on terms or conditions other than those authorized by the owner or seller. (Adopted 1/12)
Standard of Practice 3-9
REALTORS® shall not provide access to listed property on terms other than those established by the owner or the listing broker.