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Section 2 Unit 2 Notes questions with correct answers.

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Section 2 Unit 2 Notes questions with correct answers.

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Institution CCIM - Certified Commercial Investment Member

Course CCIM - Certified Commercial Investment Member

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Section 2 Unit 2 Notes questions with correct answers.

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Section 2 Unit 2 Notes questions with
correct answers.

Objectives of Unit ANS -Identify the purpose of the National Association of REALTORS® Code of Ethics
and the ethical responsibilities of real estate licensees in Tennessee.

What does NAR stand for? ANS -National Association of REALTORS

NAR has more than one million members. ANS -True

Brokers, sales agents, property managers, and other real estate professionals can be members of NAR.
ANS -True

You can become a member of NAR by joining your state association. ANS -True

Anyone who practices real estate legally can call themselves a REALTOR®. ANS -False

Membership in NAR is voluntary. ANS -True

NAR has annual membership dues. ANS -True

Which association is credited with laying the foundation for many states' real estate license law? ANS -
The National Association of Real Estate Brokers (NAREB)

Licensee promotes own interests ahead of the client's. ANS -Not Ethical

Licensee treats all parties honestly, including customers. ANS -Ethical

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