Ethics – Rule of Code – Final Exam

Choose which article required the most standards to clarify the many ways it could be broken:

Realtors shall not knowingly or recklessly make false or misleading statements about other real estate professionals, their businesses or their business practices.

The Preamble in the Code of Ethics is used to enforce the code.

The REALTOR® Code of Ethics was written in what year?

There is no difference between a licensed agent and a REALTOR®.

Which parts are included in the REALTOR® Code of Ethics?

Which section of the Code of Ethics is the most specific?

When REALTORS® are contacted by the client of another REALTOR® regarding the creation of an exclusive relationship to provide the same type of service, and REALTORS® have not directly or indirectly initiated such discussions, they may discuss the terms upon which they might enter into a future agreement or, alternatively, may enter into an agreement which becomes effective upon expiration of any existing exclusive agreement. (Amended 1/98)

How many articles make up the REALTOR® Code of Ethics?

If the listing and the selling agent have a dispute about their commission they are likely to file a/an

Despite her lack of experience in land sales, REALTOR® Carrie continues to act as a buyer’s agent for her client who was interested in buying a tract of land for a commercial strip mall. Four months after settlement, the client learned that the city master plan would not allow a commercial strip mall to be built in that area. If the client decides to file an ethics complaint against Carrie, she may be found in violation of Article 17.

It is important to use the most recent publication of the Code of Ethics as it has been amended yearly for more than a decade.

The majority of the articles listed in the Code of Ethics are under which heading?

What is the difference between Duties to Clients and Customers and Duties to the Public?

Which of the following is not a part of the Code of Ethics?

Pathways to Professionalism has 3 sections. What are they?

In filing a charge of an alleged violation of the Code of Ethics by a REALTOR®, the charge must read as an alleged violation of one or more Standards of Practice.

License laws helped form the basis for the REALTORS® Code of Ethics.

REALTOR® Joan has a ranch home listed in a quiet neighborhood. A customer calls her and tells her that he and his family would like to see her listing. She replies that she can’t show the house to a couple with children. Joan’s actions are a violation of Article 10.

REALTOR® Kim has buyer clients interested in REALTOR® Josh’s listing. When she called to ask if there were other offers on the property, Josh refused to give her this information. (Hint: Josh’s client had previously given him permission to provide this information.) Josh’s action may be a violation of which Article of the Code of Ethics?

REALTORS® have an obligation to protect and promote the interests of their clients but also have an obligation to treat all parties honestly as set in Article 1 of the Code of Ethics.

The Golden Rule is a part of the Code of Ethics.

The National Association of REALTORS® was formed in 1908, a time when there were no license laws.