Which statement is true regarding the California real estate practices?

The statement regarding the recommendation for observance of the National Association of Realtors (NAR) code of ethics reflects the practice and standards that California real estate agents are encouraged to uphold. While not every real estate professional in California must be a member of NAR, where membership is present, adherence to NAR's code is emphasized. This code provides a framework for ethical conduct that supports professionalism and integrity within the industry and enhances public trust.

The importance of this code lies in its promotion of responsible behavior towards clients, colleagues, and the community. By adhering to these ethical standards, agents can improve their practice and contribute positively to the perception of the real estate profession as a whole. This is a significant aspect of maintaining high standards in real estate transactions and ensuring that agents operate within a realm of respect and ethical consideration.

The other responses do not accurately represent the real estate practice in California. Agents are not required to work entirely independently, as they can work under brokers and collaborate with others in the field. Additionally, participation in NAR meetings is not prohibited; on the contrary, agents can attend if they are members. Finally, California does have formal ethical standards, as outlined in various laws and regulations that govern real estate practice, including both the California Business and