unit 6

Question 1

what aspect of the canons of professional ethics and conduct requires a real estate agent to represent the interests of the client?

Answer 1

fidelity

Question 2

the texas real estate commission upon finding that a texas license holder has violated the canons of professional ethics and conduct cannot take what action?

Answer 2

the commission may not recommend the license holder serve up to three years in jail.

Question 3

what is expected of a license holder in the category of “competence” in the code of ethics?

Answer 3

that the license holder remain current about issues and market trends both statewide and nationwide

Question 4

under the discriminatory practices canon of the canons of professional ethics and conduct, which practice is permitted?

Answer 4

a license holder may inquire about the marital status of a current property owner

Question 5

license holder compliance with the TREC’s canons of professional ethics and conduct is

Answer 5

a regulation of the state and licensees can be held liable for violations

Question 6

if a listing agent, with fiduciary duty owed to the seller, is specifically asked by a buyer what the seller’s lowest acceptable price is, is the listing obligated to respond?

Answer 6

no, “integrity” means the listing agent will uphold his pledge of confidentiality with the seller.