Show Code of Ethics Online Orientation Test How much time is a claimant or unhappy consumer allowed to file an Ethics complaint against a broker with the local real estate board?Ethics complaints must be filed with the local Board or Association of REALTORS® within one hundred eighty (180) days from the time a complainant knew (or reasonably should have known) that potentially unethical conduct took place (unless the Board's informal dispute resolution processes are invoked in which case the ...
What does the Code of Ethics protect?Key Takeaways. A code of ethics sets out an organization's ethical guidelines and best practices to follow for honesty, integrity, and professionalism. For members of an organization, violating the code of ethics can result in sanctions including termination.
Is the Code of Ethics based on the caveat emptor concept?Correct Answer: Let the public be served. When the Code of Ethics was adopted in the early 1900s, the rule of law was "caveat emptor" ("Let the buyer beware"). The Code took a different approach, based on the motto "Let the public be served." One of the foundations of the Code is protection of the public.
Is the Golden Rule quoted in the codes Preamble?In its final paragraphs, the Preamble cites the Golden Rule: “In the interpretation of (these) obligation(s), REALTORS® can take no safer guide than that which has been handed down through the centuries, embodied in the Golden Rule, 'Whatsoever ye would that others should do to you, do ye even so to them.
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