Yha - Ethics Continuing Education Final Exam

25 Questions | Total Attempts: 96

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Yha - Ethics Continuing Education Final Exam

3-Hour Continuing Education Course Final Exam (25 Questions)


Questions and Answers
  • 1. 
    When the Code of Ethics was adopted, there were well-established real estate license laws. 
    • A. 

      True

    • B. 

      False

  • 2. 
    Dual agency is an acceptable practice and defined in the Code of Ethics.
    • A. 

      True

    • B. 

      False

  • 3. 
    John has listed a home in which the previous owners were murdered in their sleep, under the Code of Ethics, John is required to disclose this information to any prospective purchasers. 
    • A. 

      True

    • B. 

      False

  • 4. 
    The Code of Ethics is what sets REALTORS apart from other real estate professionals.  It establishes a higher level of performance and professionalism. 
    • A. 

      True

    • B. 

      False

  • 5. 
    Anyone can file an ethics complaint against a REALTOR if they have reason to believe the REALTOR's actions are a violation of the Code of Ethics. 
    • A. 

      True

    • B. 

      False

  • 6. 
    Non-interference in agency relationships applies to buyers as well as sellers. 
    • A. 

      True

    • B. 

      False

  • 7. 
    The Code of Ethics can be summed up by the "golden rule", "Do unto others that which you would have others do unto you." 
    • A. 

      True

    • B. 

      False

  • 8. 
    Cooperation with other brokers is not required by the Code of Ethics if it is not in the best interest of the client. 
    • A. 

      True

    • B. 

      False

  • 9. 
    The only reason that ethical business practices are important for real estate professionals is that they are dealing with the largest investment most people will ever make. 
    • A. 

      True

    • B. 

      False

  • 10. 
    The Code requires that REALTORS respect the exclusive representation of exclusive brokerage relationship agreements that other REALTORS have with clients.  
    • A. 

      True

    • B. 

      False

  • 11. 
    The professional courtesies and etiquette issues in Pathways to Professionalism is for voluntary adoption by REALTORS. 
    • A. 

      True

    • B. 

      False

  • 12. 
    The preamble of the Code of Ethics can be cited as the basis for disciplinary action. 
    • A. 

      True

    • B. 

      False

  • 13. 
    Specific sanctions are mandated by NAR for violations of one of the articles of the Code of Ethics. 
    • A. 

      True

    • B. 

      False

  • 14. 
    Charges in an ethics complaint must be related to the articles of the Code of Ethics.
    • A. 

      True

    • B. 

      False

  • 15. 
    The Code prohibits exaggeration, misrepresentation, and concealment of pertinent facts about the property or the transaction. 
    • A. 

      True

    • B. 

      False

  • 16. 
    The standard of proof in an ethics hearing is clear, strong and convincing. 
    • A. 

      True

    • B. 

      False

  • 17. 
    A REALTOR advertises that he will offer his services "free" to all buyer clients.  This is a violation of Article 12 of the Code of Ethics. 
    • A. 

      True

    • B. 

      False

  • 18. 
    While the Code of Ethics establishes higher obligations than those established by law, the obligations of law take precedence. 
    • A. 

      True

    • B. 

      False

  • 19. 
    The Code of Ethics requires REALTORS to cooperate and compensate other brokers. 
    • A. 

      True

    • B. 

      False

  • 20. 
    The Professional Standards Committee performs the initial review of a complaint. 
    • A. 

      True

    • B. 

      False

  • 21. 
    State law requires real estate agents to provide full disclosure of registered sex offenders who live near a property listed for sale. 
    • A. 

      True

    • B. 

      False

  • 22. 
    The Code of Ethics is divided into three major sections, "Duties to Clients and Customers", Duties to the Public" and "Duties to REALTORS”. 
    • A. 

      True

    • B. 

      False

  • 23. 
    Under the Code of Ethics, a licensee has no obligations to anyone but his client. 
    • A. 

      True

    • B. 

      False

  • 24. 
    The Code of Ethics requires that REALTORS be competent in the discipline(s) in which the REALTOR engages. 
    • A. 

      True

    • B. 

      False

  • 25. 
    Cooperation among real estate licensees is in the best interest of the public. 
    • A. 

      True

    • B. 

      False

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