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.
Broad ethical principles established in each Article of the Code of Ethics. This interprets & explains the Articles.
What is the Standard of Practice.
Assure, whenever possible, that transactional details are in writing.
What is Article 9.
Keep the funds of clients and customers in escrow.
What are Duties to Clients & Customers.
The Golden Rule is part of the Preamble of the Code of Ethics.
What is TRUE.
Three major categories of the Code.
What are 1. Duties to Clients & Customers, 2. Duties to the Public, and 3. Duties to REALTORS®.
Respect the exclusive representation or exclusive brokerage relationship agreements that other REALTORS® have with their clients.
What is Article 16.
Ensure that your comments about other real estate professionals are truthful, and not misleading.
What are Duties to REALTORS®.
Only members of the public may file a complaint against a REALTOR alleging a violation of the Code of Ethics.
What is FALSE.