Question

This real estate trade organization developed a Code of Ethics for its members (abbreviation).

A) NAHB
B) NAR
C) CRE
D) MLS

Answer 1

The organization known for developing a Code of Ethics in the real estate trade is the National Association of Realtors (NAR).

Step-by-step explanation:

The real estate trade organization that developed a Code of Ethics for its members is the National Association of Realtors, abbreviated as NAR. The NAR is a key player in the real estate industry, ensuring that its members adhere to a strict set of ethical guidelines to maintain professionalism and integrity in the field. The creation of such a Code of Ethics is crucial for establishing trust between realtors and their clients, thereby facilitating a healthy real estate market.

Answer 2

The National Association of Realtors (NAR) is responsible for developing a Code of Ethics for its members, setting standards for professionalism and ethical conduct.

Step-by-step explanation:

The real estate trade organization known for developing a Code of Ethics for its members is the National Association of Realtors (NAR). This organization strongly upholds ethical practices within the real estate industry and ensures that its members adhere to the established standards of professionalism and ethical conduct. The other options provided, such as NAHB, CRE, and MLS do not match the abbreviation for this specific organization and its associated Code of Ethics.