Real Estate Code of Ethics Quiz

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Questions and Answers

What are the three major sections of the Code of Ethics?

  • Duties to Brokers, Duties to the Public, and Duties to Licensees
  • Duties to Clients and Customer, Duties to Brokers, and Duties to Licensees
  • Duties to Clients and Customers, Duties to the Public, and Duties to Brokers
  • Duties to Clients and Customers, Duties to the Public, and Duties to REALTORS® (correct)

Which option does NOT correctly represent a section of the Code of Ethics?

  • Duties to Licensees
  • Duties to the Public
  • Duties to Clients and Customers
  • Duties to Local Associations (correct)

In the context of the Code of Ethics, which of the following is NOT a listed duty?

  • Duties to REALTORS®
  • Duties to the Public
  • Duties to Clients and Customers
  • Duties to Contractors (correct)

Which section of the Code of Ethics focuses on responsibilities to fellow real estate professionals?

<p>Duties to REALTORS® (B)</p> Signup and view all the answers

What is included in the Duties to Clients and Customers section of the Code of Ethics?

<p>All of the above (D)</p> Signup and view all the answers

Which of the following sections of the Code of Ethics addresses responsibilities to the public?

<p>Duties to the Public (B)</p> Signup and view all the answers

What is a key focus of the Duties to Clients and Customers section in the Code of Ethics?

<p>Ensuring transparency in transactions (A)</p> Signup and view all the answers

Which option correctly differentiates aspects of the Code of Ethics?

<p>Duties to Clients and Customers, Duties to the Public, Duties to Brokers (A)</p> Signup and view all the answers

Which group is specifically recognized in relation to the Code of Ethics?

<p>REALTORS® (A)</p> Signup and view all the answers

In the context of the Code of Ethics, which aspect is least emphasized?

<p>Protection of private interests (C)</p> Signup and view all the answers

Flashcards

Code of Ethics sections

The Code of Ethics is divided into three parts focusing on responsibilities to clients/customers, public, and colleagues.

Duties to Clients

The ethical responsibilities a real estate professional has towards their clients.

Duties to the Public

Ethical obligations toward the wider community and the general public in real estate.

Duties to Brokers

Ethical responsibilities a real estate professional has towards their broker/employer.

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Duties to Licensees

Ethical responsibilities owed to other real estate professionals.

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What are the major sections of the Code of Ethics?

The Code of Ethics for real estate professionals is divided into three main sections: Duties to Clients and Customers, Duties to the Public, and Duties to REALTORS®.

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Duties to Clients & Customers

This section outlines ethical responsibilities real estate professionals have towards their clients and customers, including honesty, fairness, and confidentiality.

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Duties to REALTORS®

This section defines ethical conduct between real estate professionals, emphasizing cooperation and professionalism within the industry.

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Why is the Code of Ethics important?

The Code of Ethics serves as a guide for ethical conduct, ensuring professionalism, trust, and fairness in real estate transactions.

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Study Notes

Code of Ethics Sections

  • The Code of Ethics is divided into three major sections
  • Duties to clients and customers, duties to brokers, and duties to licensees
  • Duties to clients and customers, duties to the public, and duties to REALTORS®
  • Duties to brokers, duties to the public, and duties to licensees
  • Duties to clients and customers, duties to the public, and duties to brokers

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