What does Article 2 of the realtor Code of Ethics state? (2024)

What does Article 2 of the realtor Code of Ethics state?

Article 1: Protect the best interests of the client. Article 2: No misrepresentation, exaggeration, or hiding facts about the property at hand. Article 3: Realtors should cooperate with each other unless it's not in the client's best interests. Article 4-5: Disclose any personal interest in a property.

What is Article 2 of the real estate Code of Ethics?

Article 2:

Avoid exaggeration, misrepresentation, and concealment of pertinent facts. Do not reveal facts that are confidential under the scope of your agency relationship.

What does Article 2 of the Code of Ethics State?

Article 2 of the National Association's Code of Ethics obligates REALTORS® to refrain from exaggerating, misrepresenting, or concealing pertinent facts related to a property or to a transaction.

Is Article 2 prohibit exaggeration misrepresentation or concealment of pertinent facts?

True Article 2 prohibits exaggeration, mispresentation , or concealment of pertinent facts about the property or the transaction.

What is the Article 1 of the Realtor Code of Ethics?

Article 1 states: When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS pledge themselves to protect and promote the interest of their client. This obligation to the client is primary, but it does not relieve REALTORS of their obligation to treat all parties honestly.

What is Code of Ethics in real estate?

The Code of Ethics protects the public by promoting fair and honest business practices in the real estate industry. By upholding high ethical standards, real estate professionals help to maintain the public's trust in the industry and ensure that real estate transactions are conducted transparently and ethically.

What is Article 3 of the Code of Conduct?

Article III - If I am captured I will continue to resist by all means available. I will make every effort to escape and to aid others to escape. I will accept neither parole nor special favors from the enemy. ARTICLES OF THE CODE OF CONDUCT (CoC).

What Article 2 suggests a realtor should?

After hearing REALTOR® A restate his position, the Hearing Panel pointed out that Article 2 obligates a REALTOR® to “avoid misrepresentation or concealment of pertinent facts relating to a property or a transaction;” that his reluctance to avoid the role of informer was understandable, but that he could have discharged ...

What is the meaning of Ethics 2?

Ethics is based on well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues.

What does Article 2 of the Constitution define?

Under Article II of the Constitution, the President is responsible for the execution and enforcement of the laws created by Congress. Fifteen executive departments — each led by an appointed member of the President's Cabinet — carry out the day-to-day administration of the federal government.

What is the purpose of Article 2 in real estate?

Article 2 guarantees faithful service to both clients and customers as consumers of real estate services. to disclose facts which are confidential under the scope of agency or non-agency relationships as defined by state law.

What are the exceptions to Article 2?

Under limited and specific circ*mstances, Article 2 won't have been violated if a death is caused by a use of force that's no more than absolutely necessary: In self-defence or to defend another person from unlawful violence.

When must a REALTOR give copies of an agreement to a party?

A copy of each agreement shall be furnished to each party to such agreements upon their signing or initialing. REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.

What is an ethical violation in real estate?

Agents who misrepresent a property, mislead clients or fail to disclose property defects quickly make themselves vulnerable to being sued.

What is Article 10 5 Realtor Code of Ethics?

“REALTORS® must not use harassing speech, hate speech, epithets, or slurs based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.”

Is Bob in violation of Article 2?

No. Bob owed no obligations to Sheila and Tom because he did not represent them.

What is the Article 13 of the REALTOR Code of Ethics?

REALTORS® shall not engage in activities that constitute the unauthorized practice of law and shall recommend that legal counsel be obtained when the interest of any party to the transaction requires it. Know what the “unauthorized practice of law” means in your state.

What is the Article 9 Code of Ethics for REALTORS?

To avoid any misunderstanding and to prevent future controversy, all contractual agreements should be in writing and should set forth, in detail, the understanding of each of the parties.

What are the three major sections of the REALTOR Code of Ethics?

The Code of Ethics is divided into three major sections, "Duties to Clients and Customers," "Duties to the Public," and "Duties to REALTORS."

What is the Article 4 Code of Conduct?

The fourth article of the Code of Conduct reads, “If I become a prisoner of war, I will keep faith with my fellow prisoners. I will give no information or take part in any action which might be harmful to my comrades. If I am senior, I will take command.

What is the Article 5 of the Code of Conduct?

ARTICLE V:

When questioned, should I become a prisoner of war, I am required to give name, rank, service number, and date of birth. I will evade answering further questions to the utmost of my ability. I will make no oral or written statements disloyal to my country or its allies or harmful to their cause.

What does Article 4 cover?

Article IV Relationships Between the States

Full Faith and Credit shall be given in each State to the public Acts, Records, and judicial Proceedings of every other State. And the Congress may by general Laws prescribe the Manner in which such Acts, Records and Proceedings shall be proved, and the Effect thereof.

What is the purpose of a code of ethics 2 points?

The purpose of a code of ethics is to establish a set of standards, guide decision-making, enhance reputation, encourage accountability, foster a positive work environment, provide a basis for enforcement, and promote continuous improvement in ethical behavior.

What are the 2 types of ethical issues?

There are three main types of ethical issues: Utilitarian, Deontological, and Virtue. Utilitarian ethics focus on the consequences of an action, while deontological ethics focus on the act itself. Virtue ethics focuses on the character of the person acting.

What are the 2 types of morality in ethics?

Types of Morality

Descriptive morality is relative to the culture and individual. Normative morality concerns objective questioning of right and wrong, rather than subjective cultural standards.

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