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| board of directors | code of ethics | past presidents | membership |
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| NARA is an association of leading professional aircraft companies committed to the highest standards of aircraft sales and brokerage. Foremost is the strict code by which these members conduct their businesses. |
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Shall accurately represent their authority to show, demonstrate or sell an aircraft. |
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Shall, as expeditiously as possible, submit to the seller all offers received. Once an offer has been accepted, all prospective purchasers, if any, will be informed of the accepted offer. |
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In attempting to secure an exclusive listing, shall not deliberately mislead the owner as to the market value of the aircraft. |
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When specifically acting as exclusive agent for buyer or seller shall not accept commission from more than one party to a transaction without the full knowledge of the principal(s) to the transaction. |
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Shall compensate, directly or indirectly, employees of the parties to a transaction only with the written knowledge of the subject party. |
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Shall present to the best of their knowledge accurate specifications of an aircraft for sale, and make truthful representations to the public. |
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Shall avoid exaggeration, misrepresentation, or concealment of all known pertinent facts relating to a transaction. |
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Shall provide a level of competent service in keeping with the highest standards of business and professionalism in the field of aircraft resale. |
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Shall reveal their true ownership or interest in any aircraft they represent to the purchaser or his representative. |
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Shall disclose any interest in other entities whose services they suggest or recommend that a client or owner use, and shall disclose any financial benefit they may receive as a result of the use of these services. |
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Shall make full disclosure of charges and costs associated with any agreement. |
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Shall use reasonable care to ensure that documents pertaining to the purchase and sale of aircraft are kept current through the use of written extensions and amendments. |
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