According to the NAR Code of Ethics, which statement is true about accepting compensation?

The correct statement, which emphasizes that a licensee shall not accept compensation from more than one party to a transaction without the consent of all parties, reflects a crucial ethical standard set forth in the NAR Code of Ethics. This principle is designed to promote transparency and trust in real estate transactions.

When a licensee accepts compensation from multiple parties, it could lead to conflicts of interest or perceptions of partiality. By requiring the consent of all parties involved, it ensures that everyone is aware of the financial arrangements and agrees to them, which helps maintain ethical standards in practice. This transparency is essential for fostering trust among clients and maintaining a professional reputation.

In contrast, the other choices do not align with the ethical standards outlined by the NAR. For example, accepting compensation from any party at any time could lead to unethical situations where conflicts of interest might arise unchallenged. Similarly, the idea that compensation amounts need only be disclosed to clients is misleading since transparency with all involved parties is necessary. Lastly, the suggestion that a licensee can accept compensation without any agreements undermines the ethical requirement for clear agreements in real estate dealings.