7/27/2024


Correct Answers 0
Total Questions 20
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Course # 271020
Ethics for Real Estate Professionals
based on the electronic .pdf file(s):

Ethics for Real Estate Professionals
by: Dr. Jae K. Shim, Ph.D., 2009, 57 pages


4 CPE Credit Hours
Ethics

A P E X C P E . C O M  . . . . .  1.877.317.9047  . . . . .  support@apexcpe.com


Chapter 1 - Ethics Defined

1.    Attitudes toward ethics do not include:   5
Amoral
Legalistic
Participative
Emerging
2.    The task of ethics does not involve:   6
Bring out what is involved in the notion of a principle
Equate ethics with law
Bring out what is involved in norm of action
Recognize ideals that serve as agencies of control
3.    Ethical behavior does not include:   4
Standards of professional conduct
Greed and profits
Standards of business practices
Justice and fairness
4.    Rational acts are how we make moral judgments. They can include all except:   8
Emphasizing material wealth
Human conduct and behavior
Values and moral pressure from religious groups
Values and moral pressure from peer groups
5.    Effective ethical practices can not include:   8
Expressed as a set of principles or standards of conduct
Guides to behavior and the judging of others
Acting solely for the purpose of one's own gain
Health and safety of other members of society
6.    _______________ is not Aristotle’s legacy:   10
Statutory law
Law of property
Contract law
Inheritance law
7.    St. Thomas Aquinas’s elements of law do not include:   10
Reason
Choice between alternatives
For the common good
For select and elite publics
8.    Leibniz conceived justice as a communal virtue which preserves the community and includes all except:   12
The military community
The marital community
The family community
The community of the household
9.    Kant held that ___________________ is not one of four judicial acts involved in every contract:   12
The promise
The indication of acceptance
The rejection
The thing promised
10.    Value judgment does not compare and contrast:   13
Rationality versus rashness
Prudence and stability versus anxiety and confusion
Good of society versus evil or self indulgence
Inherent rightness versus inherent goodness
11.    The salesperson operates under a code of relative rather that absolute ethics. T F   15
TRUE
FALSE
12.    _________________ is not one of primary reasons for lack of ethics in the real estate industry:   20
Real estate is a big money business
Real estate is illiquid.
Real estate industry is controlled by real estate agents
Consumers' lack of knowledge
13.    Conduct that may violate the Code of Ethics for REALTORS® includes all except:   27
Misappropriation of clients funds
Avoid making unsolicited comments about other practitioners
Misappropriation of customers property
Fraud resulting in substantial economic harm
14.    In any instant where the code of ethics and the law conflict; the obligation of the code of ethics must take precedent. T F   27
TRUE
FALSE
15.    The primary obligations of an agent is to protect and promote the interest of:   28
Buyer
Client
Seller
Tenant
16.    REALTORS® duties to the public include all except:   34
Shall not discriminate on the basis of race
Shall not discriminate on the basis of religion
Shall not discriminate on the basis permitted by law
Shall not discriminate on the basis of national origin
17.    REALTORS® shall not solicit from the following who are subject to exclusive agreements:   40
Buyers/tenants
Peers
Salespersons
Novices
18.    In the event of contract disputes or specific non-contractual disputes between REALTORS® the principals shall submit to:   42
Litigation
Non-passive action
Arbitration
Mediation
19.    Through the realtor the ___________ resource of the nation reaches it highest use and private ________ ownership its widest distribution.   55
Property
Real estate
Land
Natural
20.    _________________ is a set of principles, or values, a standard of conduct by which the individual guides his own behavior and judges that of others.   55
Ethics
Effective ethics
Moral
Laws


Chapter 2 - Attitude to ethics



Chapter 3 - Ethical systems



Chapter 4 - Definitions



Chapter 5 - Historical Foundations of Law and Ethics



Chapter 6 - Ethics in Selling



Chapter 7 - Ethical Problems in the Real Estate Industry



Chapter 8 - Code of Ethics and Standards of Practice of the National Association of Realtors®



Chapter 9 - Ethics and Standards of the Appraisal Institute



Chapter 10 - Code of Ethics for All Real Estate Agents --The Canadian Real Estate Association


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