Nar code of ethics - Study guides, Class notes & Summaries

360 Training Sessions Latest Update Graded A+ National Association of Realtors (NAR) The largest professional association in the real estate industry Was first organized in 1908 To be a full member of this association, a person must be licensed in an individual state to sell real estate and must join the local board of the NAR. In most areas, this board is called the Association of REALTORS A REALTOR® is a professional in real estate who subscribes to a strict code of ethics known as t...

PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) The law regulating the licensing of occupations in Michigan is known as - ANSWER-1.) Occupational Code PA 299 of 1980. (Answer) 2.) Michigan License Act 152 of 1979. 3.) Administrative Rules for Michigan Licensing. 4.) Michigan Code of Ethics. Which of the following persons would NOT need a real estate lic...

ACEABLE REAL ESTATE PRINCIPALS 1 EXAM PRACTICE TEST 2024/ACTUAL EXAM QUESTIONS WITH CORRECT DETAILED AND VERIFIED ANSWERS/LATEST UPDATE /ALREADY GRADED A+ What is a REALTOR®? - CORRECT ANS:->>>- a member of the National Association of Realtors®. Which of the following is NOT a category of the NAR® Code of Ethics? - CORRECT ANS:->>>- Duties to lenders Select the statement that describes why trade fixtures are considered personal property.- CORRECT ANS:->>>- ...

NAR Code of Ethics

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

Oklahoma Real Estate Test Questions with Certified Solutions In general, when the supply of a certain commodity increases Prices tend to drop The cyclic changes in the national economy & the law of supply and demand The real estate market is subject to The typical real estate licensee must have specialized knowledge of a variety of subjects which include of the following Financing, Contracts, & Valuation The regulatory body established by the legislature and empowered to carry o...

(DPREC) How many real estate commissioners are there and how long do they serve? - Answer-4 serving 4 year terms (DPREC) Which activity does not require a real estate license? - Answer-Property management (DPREC) What is the maximum penalty for brokering a real estate deal without a license? - Answer-up to $5,000 and a year in jail (DPREC) Which organization monitors the code of ethics? - Answer-NAR (National association of Realtors) (DPREC) Which activity does IREC NOT have au...

Oklahoma Real Estate Test Questions with Complete Solutions In general, when the supply of a certain commodity increases Prices tend to drop The cyclic changes in the national economy & the law of supply and demand The real estate market is subject to The typical real estate licensee must have specialized knowledge of a variety of subjects which include of the following Financing,Contracts & Valuation The regulatory body established by the legislature and empowered to carry out ...

NAR Code of Ethics questions and answers.

Acting in the capacity of a broker or ____________ requires a license - Answer-Salesperson Failure to keep adequate _______________ is an IREC violation - Answer-Records The REALTORS is this type of Association - Answer-Trade This amount of CE elective credit hours are required every license cycle - Answer-Twelve The business of bringing parties together in a real estate deal - Answer-Broker Some ____________ in your personal circumstance must be reported to the IREC within 10 day...