tam abhijñaya sahasa
pujayam asa vidhivan
Translation by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada:
At the auspicious arrival of Sri Narada, Sri Vyasadeva got up respectfully and worshiped him, giving him veneration equal to that given to Brahmaji, the creator.
Purport by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada:
Vidhi means Brahma, the first created living being. He is the original student as well as professor of the Vedas. He learned it from Sri Krsna and taught Narada first. So Narada is the second acarya in the line of spiritual disciplic succession. He is the representative of Brahma, and therefore he is respected exactly like Brahma, the father of all vidhis (regulations); similarly all other successive disciples in the chain are also equally respected as representatives of the original spiritual master.
Thus end the Bhaktivedanta purports of the First Canto, Fourth Chapter, of the Srimad-Bhagavatam, entitled “The Appearance of Sri Narada.”