Chapter 6 - Ethics of Practice as a License Holder

If an agent does not abide by the TREC canons of professional ethics, which of the following may occur...? The agent's license can be suspended All of the above The agent's license can be revoked The agent may be placed on probation

All of the above

Which of the following is one of the TREC canons of professional ethics...? Integrity Competency All of the above Fidelity

All of the above

Exercising judgment and skill in the performance of an agent's practice is also known as...? Loyalty Fidelity Obedience Competency

Competency

The intricacies in marketing properties for others involves...? Loyalty Fidelity Obedience Competency

Competency

This form must be posted in brokerage offices...? Purchase Agreement Form All of the above Consumer Information Form 1-1 HUD-1 Form

Consumer Information Form 1-1

In addition to the loyalty owed by an agent to his/her client, the agent must also act fairly to other customers in the transaction. This is an example of...? Fidelity Competency Obedience Integrity

Fidelity

The interest of a client must be put before the interests of the agent. This is an example of...? All of the above Integrity Fidelity Competency

Fidelity

5 Canons of Professional Ethics

Fidelity, Integrity, Competency, Consumer Information, and Discriminatory Practices

Fidelity, on TRECs canons of professional ethics, implies...? Loyalty Reasonable Care All of the above Obedience

Loyalty

Ethics

Moral principles that govern a person's or group's behavior.

In addition to the TREC canons of professional ethics, this organization also publishes a code of ethics that must be followed by its members...? National Association of Realtors US Realtors Association MLS National Board of Realtors

National Association of Realtors