Ethical Real Estate Practice

Question 1

What do laws establish between citizens and the government?

Answer 1

A social contract

Question 2

(BLANK) are the standards of conduct accepted by a group or culture, often exceeding legal requirements.

Externally

Answer 2

ETHICS

Question 3

(BLANK) are the personal values derived from a system of beliefs.

Internally

Answer 3

MORALS

Question 4

(BLANK) are enforced by a government authority

help establish a social construct

Answer 4

LAWS

Question 5

NAR Code of Ethics

Articles 1- 9
Articles 10- 14
Articles 15- 17

General Overview

difference between** articles **and standards of practice in the NAR Code of Ethics

Answer 5

Articles 1-9 :Duties to Clients and Customers
Articles: 10-14: Duties to the Public
Articles 15-17: Duties to Realtors

Articles are the laws in the NAR Code of Ethics while the Standards of Practice are just examples and guidelines.

Question 6

What is the overall mission and ideal of the NAR Code of Ethics ?

Golden Rule

Answer 6

Treat others the way you wish to be treated.