Chapter 10: Agency, Ethics, and the Law

TREC has included _______ for real estate license holders in the Rules of the Commission

The Canons of Professional Ethics and Conduct

Comptency

The real estate agent should be informed on market conditions affecting the real estate business

Integrity

The real estate agent should employ prudence and caution so as to avoid misrepresentation in any way

fidelity

the real estate agent should place no personal interest above that of his or her client

what does the Consumer Protection Notice (CN1-2) give consumers notification of?

How to file a complaint against a license holder; the Recovery Trust Account; TREC regulates brokers, sales agents, and inspectors, among others

The _______ Approach to ethical standards is defined as ethical action that produces the best balance of good over harm.

Utilitarian

discriminatory practices

a real estate agent must not respond to or facilitate inquiries about or make disclosure which indicates any racial, or religious preference

ethics

a set of principles or a system of values