Which of the following is NOT a category of the NAR Code of Ethics?

Study for the Real Estate Principles 1 Test with our comprehensive exam prep. Utilize flashcards and multiple choice questions, each containing hints and explanations. Prepare effectively and confidently!

Multiple Choice

Which of the following is NOT a category of the NAR Code of Ethics?

Explanation:
The question hinges on how the NAR Code of Ethics is organized in terms of who real estate professionals owe duties to. The Code establishes ethical duties toward clients and customers, toward the public, and toward other real estate professionals. It does not designate a separate category titled duties to lenders. While agents should be honest and fair in dealings with lenders as part of serving clients and the public, those obligations aren’t listed as a distinct category in the Code. So the option describing duties to lenders isn’t a category in the NAR Code of Ethics.

The question hinges on how the NAR Code of Ethics is organized in terms of who real estate professionals owe duties to. The Code establishes ethical duties toward clients and customers, toward the public, and toward other real estate professionals. It does not designate a separate category titled duties to lenders. While agents should be honest and fair in dealings with lenders as part of serving clients and the public, those obligations aren’t listed as a distinct category in the Code. So the option describing duties to lenders isn’t a category in the NAR Code of Ethics.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy