The Realtor Code of Ethics: Duties to Clients

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

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?

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1. 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?

2. 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?

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About This Quiz & Worksheet

See what you know about clients in the NAR code of ethics with these study assessments. You'll need to grasp concepts like ethical duties and their specific scenarios.

Quiz & Worksheet Goals

Determine how well you know how to:

  • Assess the proper place for safekeeping funds in a given scenario
  • Identify what should be put in writing to comply with ethical practices by a real estate professional
  • Recognize whose interests must come first with regard to a real estate broker

Skills Practiced

Practice the following skills for studying:

  • Making connections - use understanding of the concept of real estate professionals and how they are connected to ethical practices
  • Information recall - access the knowledge you've gained regarding whose interests must come first when it comes to a real estate broker
  • Knowledge application - use your knowledge to answer questions about clients in the NAR code of ethics

Additional Learning

The lesson titled The Realtor Code of Ethics: Duties to Clients will help you learn more about the subject. The lesson meets these learning objectives:

  • Define code of ethics
  • Understand the purpose and role of the National Association of Realtors
  • Recognize the proper way to treat customers
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