Question 1

The duties test is grounded in what ethicists refer to as ___ ethics.

Accepted Answer

deontological

Question 2

___ is a group of ethical theories asserting that the consequences of one's action should be the basis for any judgment about the rightness or wrongness of that action.

Accepted Answer

Consequentialism

Question 3

Many business ethicists consider the ___ to be a 'minimal test,' i.e., the least one can do to evaluate whether an action is ethical.

Accepted Answer

legal test

Question 4

Which of the following are responsibilities real estate agents and brokers have to other real estate agents and brokers and real estate businesses and business practices?

Accepted Answer

Real estate agents and brokers are expected to maintain professional integrity by not making false statements about others (A), to resolve disputes through mediation or arbitration rather than litigation (C), and to respect exclusive brokerage agreements made by other professionals (E).

Question 5

If a real estate agent or broker wants to advertise a property to potential buyers, what does the NAR Code of Ethics require them to do?

Accepted Answer

The answer of If a real estate agent or broker...

Question 6

Which of the following are legitimate reasons to not show a client an available property?

Accepted Answer

It is legitimate to not show a property if it does not meet the client's expectations (B), is outside their price range (D), or if there are legal restrictions on where they can reside (E). Reasons based on race (A) or disability (C) are discriminatory and not legitimate.

Question 7

Which of the following are responsibilities real estate agents and brokers have to the public, as per the National Association of Realtors (NAR) Code of Ethics?

Accepted Answer

The answer of Which of the following are responsibilities real...

Question 8

Which of the following are responsibilities that real estate agents and brokers have to clients and customers under the National Association for Realtors (NAR)?

Accepted Answer

- B) Real estate agents and brokers are required to present all facts truthfully without exaggeration, misrepresentation, or concealment.- C) They must disclose any personal interest or ownership in a transaction to all parties involved.- D) They are responsible for properly handling and accounting for all monies entrusted to them, often requiring a separate account for such funds.

Question 9

The National Association for Realtors (NAR) Code of Ethics is divided into three major sections based on the common stakeholders in real estate transactions. What are these three groups of stakeholders?

Accepted Answer

The answer of The National Association for Realtors (NAR) Code...

Question 10

What should a real estate agent or broker who is a member of NAR do if they are accused of an ethical violation?

Accepted Answer

A real estate agent or broker who is a member of NAR should be forthcoming and helpful, offering all information that is asked of them by the professional standards proceeding to investigate the claim, as part of their ethical obligations.

Question 11

Consequentialism is sometimes referred to as ___ ethics.

Accepted Answer

The answer of Consequentialism is sometimes referred to as ___...

Question 12

The ___ is refered to as 'preference utilitarianism' among philosophers and ethicists.

Accepted Answer

The answer of The ___ is refered to as 'preference...

Question 13

___ is essentially a psychological agreement by which the people band together for their own good.

Accepted Answer

The answer of ___ is essentially a psychological agreement by...

Question 14

___ in marketing encompasses balancing the legitimate demands of stakeholders, accepting accountability for marketing decisions, and integrating ethical and societal obligations into the firm's marketing activities.

Accepted Answer

The answer of ___ in marketing encompasses balancing the legitimate...

Question 15

___ are groups external to the organization that influence and/or are influenced by the organization.

Accepted Answer

The answer of ___ are groups external to the organization...

Question 16

Consumers can register complaints with the ___, a consumer advocacy group, if they feel they have been dealt with unfairly.

Accepted Answer

The answer of Consumers can register complaints with the ___,...

Question 17

___ is the antithesis of competition.

Accepted Answer

The answer of ___ is the antithesis of competition....

Question 18

The more ___ there is, the greater the likelihood that an industry will innovate and grow more efficient.

Accepted Answer

The answer of The more ___ there is, the greater...

Question 19

The UN expanded the rights outlined in the ___, originally outlined by John F. Kennedy, to include the right to satisfy basic need, the right to redress, the right to consumer education, and the right to a healthful environment.

Accepted Answer

The answer of The UN expanded the rights outlined in...

Question 20

___ morality, characterized by awareness in the vast diversity of moral systems, is most commonly found in adults.

Accepted Answer

The answer of ___ morality, characterized by awareness in the...

Quiz 13: Code of Ethics in Real Estate Marketing