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