You have answered 23 out of 25 questions correctly. Congratulations! You havepassed the Code of Ethics Online Examination with a score of 92%. You should receive confirmation within 48 hours via the e-mail address you provided at the beginning of the course. Please save the e-mail as confirmation for passing the course. Within the next 48 hours, your name will also be added to the REALTOR.org online list of people who completed the course, and your NRDS record will be updated to reflect that you passed the course. View your completed course record. Close Window/Exit Course.
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1. The Code of Ethics is based on the concept of:
You marked:c. "Let the Public be served." Correct! 2. REALTORS®: You marked:d. A and B only. Correct! 3. When the Code of Ethics was adopted: You marked:c. there were no real estate licensing laws. Correct! 4. The Code of Ethics was adopted to establish standards of conduct for the real estate industry. You marked:a. True Correct! 5. The Golden Rule is quoted in the Code's Preamble. You marked:a. True Correct! 6. A listing broker should: You marked:c. suggest a listing price based on comparable market data. Correct! 7. The Code of Ethics protects: You marked:a. the buying and selling public. Correct! 8. The Code of Ethics has three major sections: You marked:b. Duties to Clients and Customers¸ Duties to the Public¸ and Duties to REALTORS®. Correct! 9. Article 2 prohibits exaggeration, misrepresentation, or concealment of pertinent facts. You marked:a. True Correct! 10. Who can file an ethics complaint against a REALTOR®? You marked:c. Both A and B. Correct! 11. Arbitration hearings are often based on: You marked:d. procuring cause disputes between REALTORS® associated with different firms. Correct! 12. The Code requires that REALTORS® respect: You marked:d. exclusive relationships other REALTORS® have with their clients. Correct! 13. The Code prohibits: You marked:a. exaggeration¸ misrepresentation and concealment of pertinent facts about the property or the transaction. Correct! 14. Licensees can generally rely on the statements of the seller (such as in a Seller Disclosure Statement) unless the licensee has reason to believe the information is not true. You marked:a. True Correct! 15. When may a listing broker change her offer of compensation to a cooperating broker? You marked:c. prior to the cooperating broker producing an offer to purchase. Correct! 16. REALTORS® must discover and disclose: You marked:b. adverse factors reasonably apparent to someone with expertise in those areas required by their real estate licensing authority. Correct! 17. Disciplinary action in an ethics hearing can include: You marked:c. a letter of reprimand. Correct! 18. Discipline in an ethics hearing may include: You marked:a. more than one form of discipline. Correct! 19. The ethics enforcement process includes initial screening of complaints by the: You marked:d. Grievance Committee. Correct! 20. If the Grievance Committee concludes potentially unethical conduct may have occurred, You marked:b. they forward the complaint to the Professional Standards Committee for hearing. Correct! 21. Under the Code, a copy of an offer to purchase must be given to the buyer: You marked:c. upon the buyer signing the offer. Correct! 22. The Code requires that REALTORS®' advertising clearly identify: You marked:a. the member's professional status or status as a REALTOR®. Correct! 23. The Preamble to the Code: You marked:a. can be the basis for disciplinary action against a REALTOR®. 24. Articles of the Code of Ethics are broad statements of ethical principles and the Standards of Practice support, interpret and amplify the respective Articles. You marked:a. True Correct! 25. A "general" mailing to all homes in an area: You marked:c. is unethical if there is a "for sale" sign on the lawn.
