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Test Your Knowledge of the Code of Ethics

By Shannon Allen

Many Realtors think they have a good handle on the Code of Ethics.  Most of it’s just common sense, right? Test your knowledge and have a little fun with this Code of Ethics quiz.

Dear Shannon: Our Grievance Committee and Professional Standards Committee members are looking for a simple way to refresh their knowledge of the Code of Ethics, but they also want me to make it fun.  Can you help me give them a little Fun With The Code to test their knowledge?

Dear Fun With The Code: That’s a great idea! How about a Code of Ethics Fill In The Blanks Quiz Game to test their knowledge?  Here you go …

Fill In The Blanks With The Correct Answer About The Code Of Ethics And Standards Of Practice

  1. Article 3 states, in part:  Realtors® shall cooperate with ________________ except when cooperation is not in the client’s best interest.
  1. no persons or entities
  2. other Realtors
  3. only parties to the transaction
  4. other brokers
  5. none of the above
  1. Standard of Practice 1-1 states: Realtors®, when acting as principals in a real estate transaction, _________________ obligated by the duties imposed by the Code of Ethics.
  1. are not
  2. remain
  3. cannot be legally
  4. are usually
  5. none of the above
  1. Standards of Practice 2-1 states, in part: Realtors® shall _______________ obligated to discover and disclose adverse factors reasonably apparent to someone with expertise in those areas required by their real estate licensing authority.
  1. only be
  2. theoretically be
  3. never be
  4. hypothetically be
  5. none of the above
  1. Standard of Practice 3-9 states: Realtors® shall not provide access to listed property on terms other than those established by the ________________.
  1. owner or the seller
  2. listing agreement terms
  3. an agreement in writing between the parties
  4. listing broker via email or other written method
  5. none of the above
  1. Article 7 states: In a transaction, Realtors® shall not accept compensation from _____________, even if permitted by law, without disclosure to all parties and the informed consent of the Realtor®’s client or clients.
  1. other Realtors
  2. more than one party
  3. another broker
  4. a referral agent
  5. none of the above
  1. Article 10 states, in part: Realtors® shall not deny equal professional services to any person for reasons of race, color, religion, sex, disability, familial status, national origin, _____________________, sexual orientation, or gender identity.
  1. military status
  2. political affiliation
  3. criminal background
  4. victims of violence
  5. none of the above
  1. Article 15 states: Realtors® shall not knowingly or recklessly make false or ______________________ statements about other real estate professionals, their businesses, or their business practices.
  1. objectively inaccurate
  2. verifiably wrong
  3. deliberately incorrect
  4. misleading
  5. none of the above
  1. Article 13 states: Realtors® shall not engage in activities that constitute the unauthorized practice of law and shall ______________________ that legal counsel be obtained when the interest of any party to the transaction requires it.
  1. consider recommending
  2. recommend
  3. suggest
  4. never suggest
  5. none of the above
  1. Article 5 states: Realtors® shall not undertake to provide professional services concerning a property or its value where they have a present __________________ interest unless such interest is specifically disclosed to all affected parties.
  1. obvious
  2. actionable
  3. demonstrable
  4. or contemplated
  5. none of the above
  1. Standard of Practice 1-6 states: Realtors® shall submit offers and counter-offers objectively and ______________________.
  1. subjectively
  2. immediately
  3. within 48 hours
  4. as quickly as possible
  5. none of the above

If you can complete this fill in the blank game correctly, without referencing a copy of the Code of Ethics and Standards of Practice, then you know your stuff! And if you found yourself flipping through the Code of Ethics and Standards of Practice looking for answers, you’ll have read through almost all 17 Articles!  Congratulations!

Answers: 1. d, 2. b, 3. a, 4. a, 5. b, 6. e, 7. d, 8. b, 9. d, 10. d

Other laws and rules apply.

Shannon Allen is an attorney and Florida Realtors Director of Local Association Services

Note: Advice deemed accurate on date of publication

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