Unit 1: Applied Ethics
Ethics - Question and answersa body of principles or standards of human conduct that
governs behavior.
Values - Question and answersHow we ought to behave. Values are feeling oriented.
Values can change based upon the situation.
Principles - Question and answersTruths or propositions that cannot be proved nor
contradicted.
Not in Unison with Fast Paced World - Question and answersThe general public is
becoming increasing more advanced when it comes to searching for properties without
the aid of a real estate professional. Ways to communicate have also shifted to social
media and other resources.
Too Many Uninformed Decisions Are Taken - Question and answersLicensees work
quickly to get their business up and running, fearful of living without an income for an
extended period of time. As a result, decisions on expenditures and putting together
business plans and systems may not be based on correct information and assumptions.
Lowest Common Denominator Impediment - Question and answersUnfortunately, some
Licensees seem to be developing a lot of business, but their professional standards,
appearance, services are subpar. This generates the question as to why an agent
spend the effort and work harder to create a highly ethical business
Reluctance of Leaders to Step Up - Question and answersVolunteering within the
industry has decreased over the years. The pressure to earn a living while keeping the
household up and running creates limited number of hours in which to serve the
community. In addition, informal leaders may not push to address an ethical violation
because of the backlash it might cause personally and possibly to their business.
Changing of the Old Guard - Question and answersWhen old ways of doing business
are deemed outdated and irrelevant, new processes surface. Unfortunately, the
changes instituted may not take into account the effectiveness of tried and true
systems. Older Licensees' rebel against technology and new ways of doing business,
which in the long run, may ultimately harm their business. The trick is finding balance.
Off-MLS Listings Escalate - Question and answersThe public knows there are multiple
online services showing properties for sale, including effective For-Sale-By-Owner sites.
For Sellers, the value proposition of hiring a real estate professional becomes a valid
Ethics - Question and answersa body of principles or standards of human conduct that
governs behavior.
Values - Question and answersHow we ought to behave. Values are feeling oriented.
Values can change based upon the situation.
Principles - Question and answersTruths or propositions that cannot be proved nor
contradicted.
Not in Unison with Fast Paced World - Question and answersThe general public is
becoming increasing more advanced when it comes to searching for properties without
the aid of a real estate professional. Ways to communicate have also shifted to social
media and other resources.
Too Many Uninformed Decisions Are Taken - Question and answersLicensees work
quickly to get their business up and running, fearful of living without an income for an
extended period of time. As a result, decisions on expenditures and putting together
business plans and systems may not be based on correct information and assumptions.
Lowest Common Denominator Impediment - Question and answersUnfortunately, some
Licensees seem to be developing a lot of business, but their professional standards,
appearance, services are subpar. This generates the question as to why an agent
spend the effort and work harder to create a highly ethical business
Reluctance of Leaders to Step Up - Question and answersVolunteering within the
industry has decreased over the years. The pressure to earn a living while keeping the
household up and running creates limited number of hours in which to serve the
community. In addition, informal leaders may not push to address an ethical violation
because of the backlash it might cause personally and possibly to their business.
Changing of the Old Guard - Question and answersWhen old ways of doing business
are deemed outdated and irrelevant, new processes surface. Unfortunately, the
changes instituted may not take into account the effectiveness of tried and true
systems. Older Licensees' rebel against technology and new ways of doing business,
which in the long run, may ultimately harm their business. The trick is finding balance.
Off-MLS Listings Escalate - Question and answersThe public knows there are multiple
online services showing properties for sale, including effective For-Sale-By-Owner sites.
For Sellers, the value proposition of hiring a real estate professional becomes a valid
