Who does the Code of Ethics protect?

Code of Ethics Online Orientation Test

Here are the results of your final examination:


You have answered 23 out of 25 questions correctly. Congratulations! You havepassed the Code of Ethics Online Examination with a score of 92%. You should receive confirmation within 48 hours via the e-mail address you provided at the beginning of the course. Please save the e-mail as confirmation for passing the course. Within the next 48 hours, your name will also be added to the REALTOR.org online list of people who completed the course, and your NRDS record will be updated to reflect that you passed the course.


View your completed course record.

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A Green checkmark  appears next to your correct answers...

1. The Code of Ethics is based on the concept of:

You marked:
c. "Let the Public be served." Correct!


2. REALTORS®:

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d. A and B only. Correct!


3. When the Code of Ethics was adopted:

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c. there were no real estate licensing laws. Correct!


4. The Code of Ethics was adopted to establish standards of conduct for the real estate industry.

You marked:
a. True Correct!


5. The Golden Rule is quoted in the Code's Preamble.

You marked:
a. True Correct!


6. A listing broker should:

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c. suggest a listing price based on comparable market data. Correct!


7. The Code of Ethics protects:

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a. the buying and selling public. Correct!


8. The Code of Ethics has three major sections:

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b. Duties to Clients and Customers¸ Duties to the Public¸ and Duties to REALTORS®. Correct!


9. Article 2 prohibits exaggeration, misrepresentation, or concealment of pertinent facts.

You marked:
a. True Correct!


10. Who can file an ethics complaint against a REALTOR®?

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c. Both A and B. Correct!


11. Arbitration hearings are often based on:

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d. procuring cause disputes between REALTORS® associated with different firms. Correct!


12. The Code requires that REALTORS® respect:

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d. exclusive relationships other REALTORS® have with their clients. Correct!


13. The Code prohibits:

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a. exaggeration¸ misrepresentation and concealment of pertinent facts about the property or the transaction. Correct!


14. Licensees can generally rely on the statements of the seller (such as in a Seller Disclosure Statement) unless the licensee has reason to believe the information is not true.

You marked:
a. True Correct!


15. When may a listing broker change her offer of compensation to a cooperating broker?

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c. prior to the cooperating broker producing an offer to purchase. Correct!


16. REALTORS® must discover and disclose:

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b. adverse factors reasonably apparent to someone with expertise in those areas required by their real estate licensing authority. Correct!


17. Disciplinary action in an ethics hearing can include:

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c. a letter of reprimand. Correct!


18. Discipline in an ethics hearing may include:

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a. more than one form of discipline. Correct!


19. The ethics enforcement process includes initial screening of complaints by the:

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d. Grievance Committee. Correct!


20. If the Grievance Committee concludes potentially unethical conduct may have occurred,

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b. they forward the complaint to the Professional Standards Committee for hearing. Correct!


21. Under the Code, a copy of an offer to purchase must be given to the buyer:

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c. upon the buyer signing the offer. Correct!


22. The Code requires that REALTORS®' advertising clearly identify:

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a. the member's professional status or status as a REALTOR®. Correct!


23. The Preamble to the Code:

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a. can be the basis for disciplinary action against a REALTOR®.


24. Articles of the Code of Ethics are broad statements of ethical principles and the Standards of Practice support, interpret and amplify the respective Articles.

You marked:
a. True Correct!


25. A "general" mailing to all homes in an area:

You marked:
c. is unethical if there is a "for sale" sign on the lawn.

Who does the Code of Ethics applies to?

The Code is relevant to all social workers and social work students, regardless of their professional functions, the settings in which they work, or the populations they serve. The NASW Code of Ethics serves six purposes: The Code identifies core values on which social work's mission is based.

Who does the Code of Ethics protect quizlet?

The code of ethics protects the buying and selling public. The code of ethics is divided into three major sections: duties to clients and customers, duties to the public, and duties to Realtors. Under no circumstances may a Realtor talk to, negotiate or discuss real estate matters with the client of another Realtor.

Why the Code of Ethics is important?

A code of ethics is important because it clearly lays out the rules for behavior and provides the groundwork for a preemptive warning. While a code of ethics is often not required, many firms and organizations choose to adopt one, which helps to identify and characterize a business to stakeholders.

What are the three main categories of codes of ethics?

An ethical code generally implies documents at three levels: codes of business ethics, codes of conduct for employees, and codes of professional practice.

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