6.1 Professional Ethics & Chapter 6 Quiz

5 canons of professional ethics

- fidelity -integrity -consumer information -discriminatory practices -competency

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 -The agent's license can be revoked -The agent may be placed on probation

This form must be posted in brokerage offices...?

Consumer Information Form 1-1

Moral principles that govern a person's or group's behavior is known as..?

Ethics

The intricacies in marketing properties for others involves...?

competency

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

Fidelity, on TRECs canons of professional ethics, implies...?

loyalty

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