chapter 6 Flashcards
Arbitration complaints are generally over?
an issue of money
good ethical practices have to do with ?
trustworthiness, honesty and competence.
what is the legal force of the 5 canons of professional ethics and conduct?
they have the force and effect of law in Texas.
what is the main feature of the beginning statements of the code?
they may not he enforced, as can the various Articles that make up the code
The Consumer Information Form CN 1- 2 deals with the
Real Estate Recovery Trust Account
what are the main sections in which the Codes articles divided?
duties to clients and customers
duties to public
duties to REALTORS
SOURCE 1
FEDERAL AND STATE LAWS FOCUSING ON ATI-DISCRIMINATION LAWS AND FAIR TRADE PRACTICES.
SOURCE 2
STATE-LEVEL REAL ESTATE LICENSING REGULATIONS DEALING PRIMARILY WITH AGENCY ISSUES AND DISCLOUSER
SOURCE 3
SELF REGULATION BY REAL LESATE ASSOCIATION THAT SET STANDARDS FOR PROFESSIONAL CONDUCT
SOME OF THE DUTIES TO CLIENTS OUTLINED IN THE CODE INCLUDE:
- Protecting and promoting the interests of the client
- Avoiding exaggeration, misrepresentation, or concealment of pertinent facts
- Cooperating with other brokers
- Informing sellers or purchasers of the licensee’s interest in a property
- Accepting commissions
- Handling trust funds
SOME OF THE DUTIES TO THE PUBLIC OUTLINED IN THE CODE INCLUDE:
- Providing equal, non-discriminatory services to all persons
- Refraining from providing professional services outside the licensee’s field of expertise
- Being truthful and clear in advertising
- Avoiding activities that might constitute the practice of law
- Refraining from false or misleading statements about competitors -
WHATS THE PURPOSE OF THE GRIEVANCE COMMITTEE
TO REVIEW THE COMPLAINT AND TO MAKE A DECISION TO DISMISS OR FOWARD THE COMPLAINT FOR A PROFESSIONAL STANDARDS HEARING OR ARBITRATION HEARING
ACCORDING TO THE MOST SUCCESSFUL ESTATE PROFFESIONALS, WHAT HELPED THEM THE MOST TO GROW THEIR BUISNESS?
RECOMMENDATIONS OF THE PAST CLIENTS AND THEIR RETURNS
