Ethics

Question 1

part of the TREC rules requiring fidelity, integrity, competency, the use of consumer information notice, and the refraining of discriminatory practices

Answer 1

canons of professional ethics & conduct

Question 2

a real estate broker or sales agent, while acting as an agent for another, is a fiduciary and must place the interest of the client above that of the agent/themselves

Answer 2

fidelity

Question 3

a real estate broker or sales agent has a special obligation to exercise integrity in the discharge of the license holder’s responsibilities by employing prudence of caution so as to avoid misrepresentation by acts of omission or commission

Answer 3

integrity

Question 4

the broker or sales agent must be knowledgeable and competent as a real estate brokerage practitioner

Answer 4

competency

Question 5

trec no cn. 1-4

must be in a prominent location in each place of business the broker maintains, and provide a link to it in a readily noticeable place on the homepage of each business website labeled: “Texas Real Estate Commission Consumer Protection Notice,” in at least 10-pt font; or “TREC Consumer Protection Notice” in at least 12-pt font

Answer 5

consumer protection

Question 6

no real estate license holder shall inquire about, respond to, facilitate inquiries about, or make disclosure which is intended to indicate any preference, limitation, or discrimination of a protected class of people (race, color, religion, sex, nationality, ancestry, familial status, or disability)

Answer 6

discriminatory practices

Question 7

founded in 1908, the largest trade association in the United States, the National Association of Realtors supports its members and protects the public through the association’s code of ethics

Answer 7

national association of realtors (NAR)

Question 8

defined as a set of moral principles, and as a theory or system of moral values

Answer 8

ethics