NSREC By-law Part 7 covers which area?

• A. Standards of conduct, trade practices, supervision, record keeping responsibilities, and advertising requirements
• B. Standards for property valuation
• C. Tax collection procedures
• D. Financing guidelines and mortgage procedures

Answer: (A)

Part seven focuses on how REALTORS should behave and operate in practice. It covers standards of conduct, how trade practices are to be carried out, the supervision required of licensees (typically by brokers), what records must be kept, and the rules governing advertising. This bundle of topics is all about ethical, transparent, and accountable professional behavior, which protects the public and ensures consistent, trustworthy services across the industry.

The other areas don’t fit this section because they relate to different domains: valuation standards belong to appraisal or property valuation guidelines, tax collection is a government function, and financing or mortgage procedures pertain to lenders’ policies. These topics are not the focus of the professional conduct and advertising rules that Part seven administers.