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Ethical Conduct & Professional Duties in Real Estate Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which of these is an example of a penalty for a violation of the code of ethics?

Question 2 2. A buyer claims a real estate agent intentionally misstated a material fact regarding a property. Which unethical practice is the licensee accused of?

Question 3 3. Which process is a function of ethics enforcement by the Grievance Committee?

Question 4 4. In real estate practice, how are the articles of the Code of Ethics defined?

Question 5 5. What is the main purpose of the Code of Ethics and canons of ethics for the real estate industry?

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Question 6 6. David is a real estate salesperson that receives an earnest money of $10,000 from his client that will be presented with an offer to buy a piece of real estate. Where should David place the funds for safekeeping?

Question 7 7. Arnold is a real estate agent who is recommending that his client utilize the services of a title company owned by him. What ethical duty does Arnold have?

Question 8 8. Bethany is a real estate salesperson that wants to put her house on the market and sell it herself through her broker's firm. What is Bethany's ethical duty?

Question 9 9. A real estate professional should place which of the following in writing to comply with ethical practice even if a writing is not required by law?

Question 10 10. A real estate broker must put whose interests before his own?

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Question 11 11. What is the field of expertise associated with a REALTOR that specializes in the marketing of real property?

Question 12 12. What duty does a REALTOR have as the selling agent and owner of a home for sale on the real estate market?

Question 13 13. What is the REALTOR's duty to the public?

Question 14 14. What sort of behavior should a REALTOR display during an ethics disciplinary proceeding?

Question 15 15. What do you call a member of the National Association of REALTORS?

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Question 16 16.

What might be the repercussion of conflicts of interest in the workplace to the organization itself?

I. Lost revenue

II. Stolen trade secrets

III. Higher sales

Question 17 17. Which of the following is an example of a conflict of interest?

Question 18 18.

Which of the following might be the result of a case of conflict of interest for the individual involved?

I. Getting kicked off a board of directors

II. Getting fired

III. Getting sued

Question 19 19.

Which of the following people are in a situation that may be a conflict of interest?

I. Jack, on the board of directors but in love with an employee

II. Linda, who opened up a competing side-business

III. Amy, who works three full-time jobs

Question 20 20. A conflict of interest can be defined as which of the following?

Ethical Conduct & Professional Duties in Real Estate Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Alabama Real Estate Broker Pre-License Exam: Study Guide & Practice  /  Business Courses
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