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GRI: Brokerage Exam Practice Questions and Answers (100% Pass)
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GRI: Brokerage Exam Practice Questions and Answers (100% Pass)
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©PREP4EXAMS@2024/2025 REAL EXAM DUMPS Monday@ August 5@ 2024 6@07 PMGRI: Brokerage Exam Practice Questions and Answers (100% Pass)
The Five Canons; Fidelity - ✔️✔️place no personal interest above the client's
interest
The Five Canons: Integrity - ✔️✔️-has a special obligation to perform their
responsibilities
-must use caution to avoid misrepresentation by acts of commission or omission
The Five Canons of Professional Ethics and Conduct - ✔️✔️Fidelity
Integrity
Competence
Consumer Information Form
Discriminatory Practices
*If a person believes the licensee violated TRELA (The Real Estate License Act)
who has jurisdiction of the complaint? - ✔️✔️TREC
Common TREC complaints: Salespersons - ✔️✔️general negligence, false promises,
rebates, improper referrals and earnest money issues
,©PREP4EXAMS@2024/2025 REAL EXAM DUMPS Monday@ August 5@ 2024 6@07 PM
Common TREC Complaints: Licensure Issues - ✔️✔️criminal background check,
denials, probationary license
Common TREC Complaints: Leasing/Property Management -
✔️✔️misappropriation, includes commingling, and failure to properly account for
money, general negligence, false promises and referrals
Common TREC Complaints:: Advertising - ✔️✔️includes misleading & DBA
Association of REALTORS receives ethics complaints. Disciplinary action could
include: - ✔️✔️a reprimand
a fine
probation
suspension of membership
revocation of membership
any combination of the above actions
What sets clear rules stating what you can and cannot do in real estate transactions,
with clients, the public, and fellow REALTORS? - ✔️✔️NAR Code of Ethics
Professional Attributes according to the code of ethics? - ✔️✔️common courtesies,
listening skills, and effective communication
, ©PREP4EXAMS@2024/2025 REAL EXAM DUMPS Monday@ August 5@ 2024 6@07 PM
The Code of Ethics reinforces the law set forth to protect the public, but it also
demands that REALTORS follow - ✔️✔️established principles of conduct that will
further promote an unbiased real estate environment
Structure of the Code of Ethics: Articles 1-9 - ✔️✔️duties to clients and customers
Structure of the Code of Ethics: Articles 10-14 - ✔️✔️duties to the public
Structure of the Code of Ethics: Articles 15-17 - ✔️✔️duties to the REALTORS
The Code of Ethics is reviewed ___ by the ___ and modifications to it are made
from time to time to reflect industry changes. - ✔️✔️annually, NAR
How do REALTOR members receive Code of Ethics updates? - ✔️✔️NAR -> local
associations--> REALTOR members
ombudsman action - ✔️✔️applies his communication and problem-solving skills in
an effort to reconcile the differences amongst the parties
ombudsman purpose - ✔️✔️-to anticipate, identify, and resolve misunderstandings
and disagreements before matters turn into disputes and charges of unethical
conduct
-to reach resolution bw parties so no further action is necessary
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