Can a Realtor be assured that she is always ethical because she follows the letter of the law?
Can a REALTOR who follows the letter of the law find that he has violated the Code of Ethics? Yes. Ethical reasoning sometimes goes beyond the basic requirements of the law.
How many types of discipline are there in an ethics hearing?
T** F 17. Disciplinary action in an ethics hearing can include a fine up to $15,000. T F** 18. Discipline in an ethics case may not include more than one form of discipline.
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. ‘”
What happens if the grievance committee finds that there is a basis for arbitration?
What happens if the Grievance Committee finds that there is a basis for arbitration? The case moves forward to the Professional Standards Committee.
What is the most common complaint filed against REALTORS?
Most Common Complaints
- Incomplete and duplicate contracts.
- No permits.
- Easement errors.
- Mineral rights.
- Failure to review or recommend survey.
- Contract drafting.
- Failure to review title.
- Loss of earnest money.
How does a REALTOR inform the board he or she does not wish to arbitrate?
Terms in this set (34) How does a REALTOR® inform the Board he or she does not wish to arbitrate? A REALTOR® must advise the Board in writing that they choose not to arbitrate before the Board.
What is an acceptable punishment for a Code of Ethics violation?
Per the Code of Ethics and Arbitration manual, sanctions for a violation may include: A fine not to exceed $5,000. A letter of reprimand. The requirement that the respondent attend an education course.
Can a listing broker change her offer of compensation?
After a REALTOR® has submitted an offer to purchase or lease property, the listing broker may not attempt to unilaterally modify the offered compensation with respect to that cooperative transaction.”
When you listed the K’s home at $150000 were you in violation of the Code?
Yes
When you listed the K’s home at $150,000, were you in violation of the Code? Yes. You should not list the property if the CMA does not support the list price.
Can you appeal the professional standards hearing panel decision?
Dismissals of ethics complaints and arbitration requests by hearing panels can be appealed to the Board of Directors on the same bases as dismissals by the Grievance Committee.