ETH001 Questions with complete solution 2024/2025 ETH001
A CPM Member was accused of rejecting two job applicants due to their race - correct answer Article 11 - Equal Opportunity
A CPM Member used a family member as the snow removal vendor for a property. A slip and fall accident occurred...
ETH001
A CPM Member was accused of rejecting two job applicants due to their race
- correct answer ✔Article 11 - Equal Opportunity
A CPM Member used a family member as the snow removal vendor for a
property. A slip and fall accident occurred on the property as a result of
sidewalks that were not adequately salted. The CPM Member was accused of
not enforcing company standards with the family vendor - correct answer
✔Article 7 - Conflict of Interest
Article 8 - Managing the Assets of the Client
Article 12 - Duty to Tenants and Others
When leaving a company, a CPM Member made a copy of expensive
accounting software that belonged to the company. - correct answer ✔Article
9 - Duty to Former Clients and Former Firms or Employers
Article 10 - Compliance with Laws and Regulations
A CPM Member used security deposit funds for emergency repair costs rather
than maintaining them in an escrow account - correct answer ✔Article 3 -
Accounting and Reporting
Article 4 - Protection of Funds
Article 6 - Contracts
, A CPM Candidate cheated on the CPM Exam - correct answer ✔Pledge
In real estate management, more disputes stem from ______________ than
from any other cause - correct answer ✔Real or perceived conflicts of
interest
Top 4 Sources of Conflict - correct answer ✔1) external business affiliations
2) business gifts or entertainment that might appear to be bribes
3) use of confidential information to further your own, private interests
4) influence peddling - soliciting money, gifts, or favors in exchange for using
your influence to change the outcome of an event of a transaction
Ethics Hearing and Dispute Board - Discipline Measures - correct answer
✔Letter of Censure - can be published or not published, does not affect the
respondent's membership status
Suspension of Membership - can last from 1 month to 3 years, always
published, loses all benefits of membership but must stay current with dues
and fees, respondent's status is immediately activated at the end of the
suspension period provided all conditions are met
Termination of Membership Status - always published, may reapply for
membership after 5 years
The founders of IREM created IREM because they recognized a need within
real estate management for - correct answer ✔Ethical standards
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Carzola98. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
