15month Real Estate Post-License Exam and 14 similar items

The NAR Code of Ethics preamble states that REALTORS should know about proposed and existing laws, public policies, government relations, and ______. REALTOR Dana is involved in a dispute with another licensee. As long as the respondent agrees to the method, Dana's confident that they'll be able to use mediation in the matter. How is Dana so sure? In which of the following scenarios is the licensee abiding by the Code of Ethics? If neither party to an ethics complaint wishes to mediate, what does the NAR Code of Ethics dictate happens next? A licensee is working with four rather difficult clients but wants to see it through unless it's absolutely necessary to part ways. To which of these clients should the licensee likely say goodbye? REALTOR Sharlene found out that one of her friends, Nick, became a licensee. Sharlene heard that Nick and his wife are going through a nasty divorce, and Nick has been drinking a lot. She told her firm colleagues to be careful if they end up working with him. Sharlene has likely ______. Which of the following statements about ethics complaints is true? REALTOR Stanley gets a call from REALTOR Phyllis. Phyllis wants to know if Stanley has an exclusive listing on a certain property, but he won't answer any of her questions. As a result, ______. Licensee Rhiannon has actual knowledge of all of the following property issues. Which should she disclose to prospective buyers? Rick knows that Andy, a new agent at the firm, is having a hard time managing his clients and transactions. Andy has mentioned to Rick his struggles to "keep all the balls in the air" when they've both been in the office, and a couple of other associates have noticed that Andy seems stressed and agitated. Which of the following do you think would be a good step for Rick to take in this situation? Which of the following statements about mediation is true? Marje filed a business complaint against Homer. The grounds of the complaint call for voluntary arbitration. Which party has the right to decline arbitration? Bobbie is the respondent in a dispute with another REALTOR. The parties agreed to arbitration instead of mediation. His broker offers some words of wisdom to try to calm Bobbie down before arbitration. What does his broker tell him? Pam is sending postcards to her contact list. Her former client, Zeke, is included in the list but is currently working with Angela, another licensee. Pam has no knowledge of their relationship. Which is true? Angelika was the respondent in an arbitration, and the panel decided in favor of the complainant. A day after the arbitration hearing, Angelika realized that the panel had skipped over part of the normal procedure. Can she appeal? Real estate licensee Kimmy is involved in a dispute with another licensee, Titus. Kimmy prefers to use ______ to resolve the issue, because she wants to preserve her working relationship with Titus. The Code of Ethics is a great tool for ethical practice because, while it isn't technically law, it's designed to ______. You meet a prospective seller client at the grocery store. In order to remain ethical when it comes to representation, which of the following questions should you ask her? One of Saoirse's frequent investor clients would like to see a property that's listed with Saoirse's firm. Saoirse has a scheduling conflict and can't show the property on the day the investor's available. What's the acceptable method she should use to show the property? REALTOR Dana is involved in a dispute with another licensee. As long as the respondent agrees to the method, Dana's confident that they'll be able to use mediation in the matter. How is Dana so sure? Which of the following should REALTORS remember about cooperating with other brokers? Last week, one of Roz's clients, Lowell, saw his listing on her website and told her that he didn't like that you could see the power lines behind the house. He asked Roz to airbrush the power lines out of the photo. What should Roz do? Courtney is filing an ethics complaint against Matthew. She must make sure to ______. Which of the following statements is true regarding ethics hearings? REALTOR Peri submitted her client's offer to a listing broker yesterday, and the broker called this morning to say that the offer was accepted. What can Peri safely assume about her commission? Trinity is updating her website, business cards, and advertising to include her recently earned credentials. Her website looks a little bare, so she also adds the credential she's currently working on. Has she committed any ethical violations? Phil is a new REALTOR. He was excited to join NAR and abide by the Code of Ethics because ______. Regarding the NAR Code of Ethics, it's true that ______. Licensee China is visiting her seller client, Ralph, at his home. She notices the smell of fresh paint and sees that the kitchen ceiling has been recently painted. She asks Ralph about it, and he tells her that there's a water stain due to a leaky pipe in the upstairs bathroom. What must China do? If you report that ______, you might be crossing an ethical line.