2020 CCAR Code of Ethics Quiz #2

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* Your Name

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* Firm Name and City

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* 1. When must you execute and provide CCAR an SELM?

Within 5 business days of executing the listing agreement.

Whenever the listing will not be input into the MLS within 3 days.

Within 1 day of executing the listing agreement.

None of the above

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* 2. Fill in the blank:
Clear Cooperation Policy requires you to input your listing ________________ once you have marketed it outside your brokerage in any manner.

Within 3 days

Within 1 day

Within 1 business day

Never

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* 3. Do you have to install a Supra lockbox on every property listing?

Yes

No

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* 4. How many days do you have to update property status to “Pending” or “Sold”?

1 day

3 days

7 days

None of the above

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* 5. REALTOR® Gordie places his seller-client’s home on the MLS, with a note that it is “Coming Soon” and not yet available for showings. Gordie first wants to direct-market the house to several of the client’s friends and family members that have expressed interest in it. REALTOR® Frances, from another brokerage, notices the listing and contacts Gordie to ask if she can show the home to a client today. Gordie should:

Tell Frances that the home will not be available to show until after he concludes his direct marketing and showings.

Discuss the situation with his client to determine if the property should become available for showings.

Tell Frances that the MLS listing is premature, and he was just about to remove it.

Tell Frances that he would be happy to show the home to her client while its status is still “Coming Soon”.