Code
Under all is the land.
What is the Preamble.
Protect and promote your client’s interests, but be honest with all parties.
What is Article 1.
Disclose present or contemplated interest in any property to all parties.
What are Duties to Clients & Customers.
The Code of Ethics is based on the “caveat emptor” concept.
What is FALSE. The REALTOR® Code of Ethics is based on the concepts of "service to the public," and a "commitment to professionalism." These central concepts of public protection are the foundations upon which the Articles of the Code stand.
A group of REALTORS who initially reviews an ethics complaint or arbitration request, and determines whether there was a possible ethics violation.
Who is the Grievance Committee.
Arbitrate and mediate contractual and specific non-contractual disputes with other REALTORS® and with your clients.
What is Article 17.
Provide equal service to all clients and customers.
What are Duties to the Public.
REALTORS® have an obligation to protect and promote the interests of their clients regardless of the effect on any other party or REALTOR®.
What is FALSE. REALTORS® have duties to not only their clients and customers, but also to the public and to other REALTORS®.
Broad ethical principles established in each Article of the Code of Ethics. This interprets & explains the Articles.
What is the Standard of Practice.
Cooperate with other real estate professionals to advance your client’s best interests.
What is Article 3.
Ensure that your comments about other real estate professionals are truthful, and not misleading.
What are Duties to REALTORS®.
The ethics enforcement process includes an initial screening by the Grievance Committee.
What is TRUE.
A group of REALTORS® who holds hearings on complaints forwarded by the Grievance Committee.
Who is the Professional Standards & Arbitration Committee (PSAC).
Communicate honestly and present a true picture in your advertising, marketing and other public representations.
What is Article 12.
Avoid exaggeration, misrepresentation, and concealment of pertinent facts. Do not reveal facts that are confidential under the scope of your agency relationship.
What are Duties to Clients & Customers.
A listing licensee must be particularly careful not to say anything about the property or the price of the property which might harm the owner's interests.
What is TRUE. (Article 2)
Three major categories of the Code.
What are 1. Duties to Clients & Customers, 2. Duties to the Public, and 3. Duties to REALTORS®.
Avoid exaggeration, misrepresentation, and concealment of pertinent facts. Do not reveal facts that are confidential under the scope of your agency relationship.
What is Article 2.
Be a willing participant in Code enforcement procedures.
What are Duties to the Public.
Only members of the public may file a complaint against a REALTOR® alleging a violation of the Code of Ethics.
What is FALSE.