RCE Self Study Section 2 questions with
answers.
(blank) is obligated to enforce the Code of Ethics within its territorial jurisdiction. ANS -The local
association
Which of the following National Association publications assists boards in establishing membership
qualifications and other membership requirements? ANS -Model Bylaws
It is imperative that REALTOR® associations have their governing documents (REALTOR® association
bylaws, MLS rules, MLS bylaws, etc.) reviewed and approved by the Member Policy Department to
ensure compliance with National Association policies and entitlement to (blank) . ANS -coverage under
the National Association's blanket errors and omissions insurance policy
A local association may impose an initiation fee of up to (blank) the amount of the annual dues rates.
ANS -Three times
The board initiation fee, if any, must be separate from any participation fee which may be charged for
the multiple listing service. ANS -True
An initiation fee in excess of (blank) the amount of the annual rate of dues is an inequitable limitation on
local association members. ANS -Three times
Dues calculations are based on the size of a REALTOR® firm. Each firm names a designated REALTOR®
whose personal dues consist of a base amount plus an additional amount times the number of licensees
employed by or affiliated with the firm who are not themselves REALTOR® or REALTOR-ASSOCIATE®, or
Institute Affiliate members. ANS -True
If a licensee affiliated with a designated REALTOR® or firm is accounted for in the designated
REALTOR®'s personal dues, that licensee (blank) . ANS -provide a liaison between local associations and
the National Association
,The REALTOR® Code of Ethics was adopted in 1913, and in 1916 the term REALTOR® was adopted to
(blank) . ANS -describe National Association members
The NAR Core Standards require local associations to provide new and continuing member Code of
Ethics training. ANS -True
State associations are considered (blank) . ANS -member associations
State associations exist to (blank) . ANS -more closely integrate the work of local REALTOR® associations
and the National Association
provide a means of permitting individuals in the real estate business, but with said business not located
in the jurisdiction of a local association, to become members of the National Association
provide a liaison between local associations and the National Association
Which REALTOR® organization is most visible and best known to the public? ANS -Local association
The all-REALTOR® association status is not required by the National Association, nor do all-REALTOR®
local associations enjoy favorable status. ANS -True
An all-REALTOR® association is an association of REALTORS® that does not provide for (blank) category
of membership. ANS -a REALTOR-ASSOCIATE®
The REALTOR-ASSOCIATE® member classification refers to an association member who is engaged in the
real estate profession other than a (blank) , and is associated with a REALTOR® member of the local
association. ANS -principal
partner
corporate officer
branch office manager
The National Association's Constitution and Bylaws were amended in 1972 to create a (blank)
membership classification. ANS -REALTOR-ASSOCIATE®
, The National Association has entered into a written agreement with REALTOR® associations by granting
them charters. By reason of these voluntary agreements, REALTOR® associations are (blank) to
implement all mandatory policies of the National Association. ANS -obligated
A board of REALTORS® determines by the provisions of its (blank) the categories of membership
available in the board. ANS -bylaws
REALTOR® associations (blank) have rules, regulations, practices, or policies that are inconsistent or
contrary to any policy adopted by the National Association's Board of Directors. ANS -may not
Local leadership must, at all times, resist the temptation to (blank) the activities and conduct of their
members. ANS -over regulate
Rules and regulations that control or standardize activities such as advertising, financing, escrow,
surveys, and title searches (blank) within the scope of the local association's authority. ANS -are not
One of the most dangerous pitfalls regarding bylaws, rules, and regulations that are in compliance with
National Association policy is (blank) . ANS -to fail to follow them in practice
When planning educational programs, AEs can call on professionals with specialized credentials from the
NATIONAL ASSOCIATION OF REALTORS. ANS -True
Which affiliated group was formed to meet the commercial-investment real estate needs of its
members? ANS -CCIM Institute
Which affiliated group offers the CRS designation? ANS -Council of Residential Specialists
The Institute of Real Estate Management is dedicated to developing high standards of professional
practice in the property-management field. Which designation is not offered by IREM? ANS -CRB
Which affiliated group provides education and information to assist members in improving their
professional competence and marketing expertise in all phases of land brokerage, including agricultural
and urban land, and transitional and recreational properties? ANS -RLI
answers.
(blank) is obligated to enforce the Code of Ethics within its territorial jurisdiction. ANS -The local
association
Which of the following National Association publications assists boards in establishing membership
qualifications and other membership requirements? ANS -Model Bylaws
It is imperative that REALTOR® associations have their governing documents (REALTOR® association
bylaws, MLS rules, MLS bylaws, etc.) reviewed and approved by the Member Policy Department to
ensure compliance with National Association policies and entitlement to (blank) . ANS -coverage under
the National Association's blanket errors and omissions insurance policy
A local association may impose an initiation fee of up to (blank) the amount of the annual dues rates.
ANS -Three times
The board initiation fee, if any, must be separate from any participation fee which may be charged for
the multiple listing service. ANS -True
An initiation fee in excess of (blank) the amount of the annual rate of dues is an inequitable limitation on
local association members. ANS -Three times
Dues calculations are based on the size of a REALTOR® firm. Each firm names a designated REALTOR®
whose personal dues consist of a base amount plus an additional amount times the number of licensees
employed by or affiliated with the firm who are not themselves REALTOR® or REALTOR-ASSOCIATE®, or
Institute Affiliate members. ANS -True
If a licensee affiliated with a designated REALTOR® or firm is accounted for in the designated
REALTOR®'s personal dues, that licensee (blank) . ANS -provide a liaison between local associations and
the National Association
,The REALTOR® Code of Ethics was adopted in 1913, and in 1916 the term REALTOR® was adopted to
(blank) . ANS -describe National Association members
The NAR Core Standards require local associations to provide new and continuing member Code of
Ethics training. ANS -True
State associations are considered (blank) . ANS -member associations
State associations exist to (blank) . ANS -more closely integrate the work of local REALTOR® associations
and the National Association
provide a means of permitting individuals in the real estate business, but with said business not located
in the jurisdiction of a local association, to become members of the National Association
provide a liaison between local associations and the National Association
Which REALTOR® organization is most visible and best known to the public? ANS -Local association
The all-REALTOR® association status is not required by the National Association, nor do all-REALTOR®
local associations enjoy favorable status. ANS -True
An all-REALTOR® association is an association of REALTORS® that does not provide for (blank) category
of membership. ANS -a REALTOR-ASSOCIATE®
The REALTOR-ASSOCIATE® member classification refers to an association member who is engaged in the
real estate profession other than a (blank) , and is associated with a REALTOR® member of the local
association. ANS -principal
partner
corporate officer
branch office manager
The National Association's Constitution and Bylaws were amended in 1972 to create a (blank)
membership classification. ANS -REALTOR-ASSOCIATE®
, The National Association has entered into a written agreement with REALTOR® associations by granting
them charters. By reason of these voluntary agreements, REALTOR® associations are (blank) to
implement all mandatory policies of the National Association. ANS -obligated
A board of REALTORS® determines by the provisions of its (blank) the categories of membership
available in the board. ANS -bylaws
REALTOR® associations (blank) have rules, regulations, practices, or policies that are inconsistent or
contrary to any policy adopted by the National Association's Board of Directors. ANS -may not
Local leadership must, at all times, resist the temptation to (blank) the activities and conduct of their
members. ANS -over regulate
Rules and regulations that control or standardize activities such as advertising, financing, escrow,
surveys, and title searches (blank) within the scope of the local association's authority. ANS -are not
One of the most dangerous pitfalls regarding bylaws, rules, and regulations that are in compliance with
National Association policy is (blank) . ANS -to fail to follow them in practice
When planning educational programs, AEs can call on professionals with specialized credentials from the
NATIONAL ASSOCIATION OF REALTORS. ANS -True
Which affiliated group was formed to meet the commercial-investment real estate needs of its
members? ANS -CCIM Institute
Which affiliated group offers the CRS designation? ANS -Council of Residential Specialists
The Institute of Real Estate Management is dedicated to developing high standards of professional
practice in the property-management field. Which designation is not offered by IREM? ANS -CRB
Which affiliated group provides education and information to assist members in improving their
professional competence and marketing expertise in all phases of land brokerage, including agricultural
and urban land, and transitional and recreational properties? ANS -RLI
