Lesson 1.2

Question 1

Role of Primary Professional Organizations

Answer 1

National Association of Realtors http://www.realtor.org/

Question 2

Professional Ethics

Answer 2

State licensing laws establish what activities are illegal; prohibited.

Ethics: a system of moral principles, rules, and standards of conduct

Question 3

Moral Principles

Answer 3

Establish standards for integrity and competence in dealing with consumers of an industry’s services

Define a code of conduct for relations within the industry among its professionals

Question 4

Code of Ethics

Answer 4

A written system of standards for ethical conduct.