Canons of professional ethics Flashcards
1
Q
What are the 5 canons of professional ethics? (Hint: FICCD)
A
- ) Fidelity
- ) Integrity
- ) Competency
- ) Consumer information
- ) Discriminatory practices
2
Q
What is fidelity?
A
The real estate agent places clients’ interests over their own
3
Q
What is integrity?
A
Avoiding misrepresentation for any reason
4
Q
What is competency?
A
Being well-informed on local, state and national markets that affect real estate; use judgement and skill.
5
Q
What is consumer information?
A
Every real estate professional licensed by TREC must display the CONSUMER PROTECTION NOTICE CN 1-3 in each place of business.
6
Q
What are discriminatory practices?
A
No preference or limitation based on race, color, religion, sex, nationality, ancestry, familial status, handicap (AIDS or HIV included), previous or current occupant, lessor, etc.
