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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

QUIZ: CODE OF ETHICS

 The NATIONAL ASSOCIATION OF REALTORS®’ Code of Ethics and Standards of Practice establishes rules for the highest ethical conduct and professionalism. It’s what distinguishes you as REALTORS® from other real estate licensees. Take this quiz to see how well you know your Code.

1.The Code of Ethics is based on the concept of:




2.The Code of Ethics was adopted:




3.The Preamble to the Code:




4.The Code is primarily enforced through:




5.The two basic types of complaints that are handled by local associations are:




6 .The three committees or groups that are involved in the Code enforcement process are:




7 .A request for mandatory arbitration is based on:




8 .A request for arbitration is most commonly based on a dispute about:




9 .The concept of procuring cause is used to decide commission disputes in arbitration cases. Which of the following statements is true about the concept of procuring cause?




10.REALTORS® have an obligation to protect and promote the interests of their clients but also have an obligation to treat all parties:




11.If a listing broker tells another broker, "I'll cooperate with you," the other broker:




12.A cooperating broker in a transaction may:




13.Disciplinary action in an ethics complaint may NOT include: