ETH001 Question and answers correctly solved 2024/2025
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Course
Ethics
Institution
Ethics
ETH001 Question and answers correctly solved 2024/2025 ETH001 Exam Questions
A study by the American Society of Executives found that ________ of associations fully enforce their ethics codes - correct answer 1/3
Ethics comes from the Greek word "ethos" meaning - correct answer Character...
ETH001
The founders of IREM created IREM because they recognized a need within
real estate management for:
A - education
B - ethical standards
C - a means to evaluate the experience of real estate managers
D - An organization to address legislative concerns - correct answer ✔B -
ethical standards
True/False:
It is a violation of the IREM Code of Professional Ethics for an IREM member
with one management firm to solicit the owner of real estate whose property is
managed by another IREM member. - correct answer ✔False
True/False:
Candidates for the CPM designation are obligated to uphold the IREM Code
of Professional Ethics and therefore come under the jurisdiction of the
Institutes Ethics Boards - correct answer ✔True
If anyone obligated to the IREM Code of Professional Ethics is found to have
violated it, which of these disciplinary actions may be taken?
A - a letter of censure may be issued
B - the individual may be suspended
C - the individual may be expelled from membership
D - all of the above - correct answer ✔D - all of the above
True/False:
, In all cases, when a member is found to have violated the IREM Code of
Professional Ethics, the individual's name is published in IREM's Journal of
Property Management advertising the membership of the finding. - correct
answer ✔False
In order to comply with the IREM Code of Professional Ethics, a member may
receive interest earned on the clients' accounts:
A - whenever it is permitted by state law
B - whenever separate computerized accounts are maintained for each client
C - provided it has been fully disclosed in the management agreement with
the client
D - under no circumstances - correct answer ✔C - provided it has been fully
disclosed in the management agreement with the client
True/False:
IREM never conducts an ethics hearing unless it is absolutely sure
beforehand that the Member has violated the IREM Code of Professional
Ethics - correct answer ✔False
True/False:
Hearings for ethical complaints are held exclusively on the national level,
never at the Chapter level - correct answer ✔True
What year was IREM founded? - correct answer ✔1933
What are the 5 questions to ask during ethical decision making? - correct
answer ✔1. Is it illegal?
2. Who is affected by your decision?
3. What are the consequences of the decision?
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