30 - Ethics, Morals, Principles, and Laws
Complaints enforced by the local association/board of REALTORS are
ethics complaints and arbitration requests.
A REALTOR caused a series of events, without interruption, abandonment or estrangement, that resulted in the sale of a property. The REALTOR may be considered to be
procuring cause.
The Articles of the Code of Ethics stress the REALTOR's obligation to
put agreements in writing and keep them current with written extensions and amendments.
The Articles of the Code of Ethics stress the REALTOR's obligation to
put agreements in writing and keep them updated.
The Code of Ethics prohibits REALTORS from providing services outside their area of expertise. REALTORS should limit their business in all the following areas except
selling listings through one MLS only.
In a real estate company, an emphasis on sound ethical and moral behavior must begin with
the owner and manager.
"Due process" includes all the following except
the right to appeal to the state licensing authority.
Which of the following situations could result in arbitration?
A REALTOR claims that she has a right to another REALTOR'S commission.
Which of the following statements regarding the structure of the Code of Ethics is correct?
Articles are broad statements of ethical principles, and Standards of Practice interpret, support, and revise the Articles
Which of the following is a correct statement regarding ethics and laws?
Ethical reasoning often requires one to go beyond the basic requirements of the law.
Ethics complaints are processed by the
Grievance Committee, Professional Standards Committee and Board of Directors.
Procuring cause is determined by
Hearing Panel guidelines contained in the Code of Ethics and Arbitration Manual.
