Chapter 9 Flashcards
Which of the following statements is true regarding professional ethics
Licensee have a professional duty to hold other licensees to the highest professional and ethical standards
Fiduciary
Loyalty
Confidentiality
Full disclosure
Avoiding conflict of interest
Crown agency
A public sector organization under the supervise station of the government administration independent
What is the headline test
A test that a licensee can use to evaluate whether a decision or action aligns with their overall profession I consider is how they would feel if their decision or action word to appear as a headline of a newspaper or news on site
Which of the following is one of the individual licensees rules in building and maintaining trust in the real estate profession
Acting in accordance with borders of ethical principles
Which of the following is a common law source of duties to the clients
Agency and fiduciary law
Which of the following is an exception to the professional duty to maintain the confidentially of the clients information
A licensee is required by law to disclose the information
Shut the following is not example of a conflict of interest in the real estate industry
A licensee purchases property from cells from unrepresentative seller
Licensee who excepts clients involved in transactions outside of their area of Expertise particularly risk breaching
The duty to act a reasonable care and skilled
Which of the following situation involves a breach of duty or by licensee to a client
Billy received an offer from Asuna to purchase his client Jules property. As soon as hillbilly she wants to demolish existing house, and asked him not to tell Joel. Hoolie does not tell Joel the plans for the property as a Asuna asked him not to
Which of the following is false steamer going over to their clients under the rules made under the real estate service app
The duty of confidential is doing it when the relationship between the licensee and the client ends
What ethical duty in the Rules made under the Realty services at impose other responsibility to non-client upon license
Do you need to act with honesty and reasonable care and skill
Licensees demonstrate integrity by having accountability for their actions by
Reporting their own mistakes to the managing broker
Final step on the framework of ethical decision making is
Make and justify your choice
