Real Estate Principles I Unit 5 Quiz
Which of the following statements is not true regarding ethics?
Ethics and law are one in the same
The purpose of the __________ is to maintain and promote economic competition in trade and commerce occurring wholly or partly within the State of Texas and to provide the benefits of that competition to consumers in the state.
Free Enterprise and Antitrust Act
Adopted in 1913, the __________ provided a model for many of the original state licensing laws.
National Association of REALTORS'® Code of Ethics
Which of the following is not one of the federal and state regulations that protect consumers from unfair business practices?
Regulation B
Which of the following is the basic federal antitrust statute?
The Sherman Antitrust Act of 1890
All of the following are true regarding TAR's citation policy, except it
accepts any and all complaints against a licensee.
A sales agent should align with a brokerage firm that adheres to both legal and ethical business practices. It is important to follow all the correct procedures for:
all of the choices apply.
The ability to earn repeat business is directly related to an individual's:
ethical business practices.
Employment of prudence and caution to avoid misrepresentation relate to a licensee's special obligation to exercise:
integrity.
