NAR Code of Ethics with Brent Lancaster (CYCLE 7)

Final Exam

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1. Name: (Required.)

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2. Member Number (Stratus Log In): (Required.)

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3. There are ____ Articles in the Code of Ethics. (Required.)

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4. The two types of complaints typically resolved by local Associations are ____. (Required.)

Arbitration Claims & Ethics Complaints

Criminal Complaints & Ethics Complaints

Money Claims for Damages & Arbitration Complaints

Traffic Tickets & Criminal Complaints

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5. A request for arbitration is initially reviewed by ____. (Required.)

the arbitration hearing panel

the professional standards committee

the grievance committee

the Association's executive officer.

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6. The Code of Ethics: (Required.)

was adopted to establish standards of conduct for the industry.

was based on the concept of "the public be damned."

was adopted in 1931.

was adopted long after real estate licensing laws were in existence.

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7. Who can file an ethics complaint? (Required.)

Only members of the public.

Only REALTOR® members of the Association in which the REALTORS® charged holds membership.

REALTORS® members of any Association but not members of the public.

Anyone - whether a member of the public or a REALTOR®.

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8. An ombudsman determines entitlement to compensation in an arbitration hearing. (Required.)

True

False

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9. Mediation is the preferred dispute resolution system of the National Association of REALTORS®. (Required.)

True

False

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10. Student Attestation Disclaimer: By typing my name and clicking the “Submit” button below, I acknowledge and certify that I have watched and completed LIBOR’s REALTOR® Code of Ethics course with Brent Lancaster in its entirety. I understand LIBOR is relying on my certification and will notify NAR of my successful completion of the NAR Mandatory REALTOR® Ethics training requirement for the period ending December 31, 2024.

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NAR Code of Ethics with Brent Lancaster (CYCLE 7)

Final Exam

Question Title

* 1. Name: (Required.)

Question Title

* 2. Member Number (Stratus Log In): (Required.)

Question Title

* 3. There are ____ Articles in the Code of Ethics. (Required.)

Question Title

* 4. The two types of complaints typically resolved by local Associations are ____. (Required.)

Question Title

* 5. A request for arbitration is initially reviewed by ____. (Required.)

Question Title

* 6. The Code of Ethics: (Required.)

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* 7. Who can file an ethics complaint? (Required.)

Question Title

* 8. An ombudsman determines entitlement to compensation in an arbitration hearing. (Required.)

Question Title

* 9. Mediation is the preferred dispute resolution system of the National Association of REALTORS®. (Required.)

Question Title

1. Name: (Required.)

2. Member Number (Stratus Log In): (Required.)

3. There are ____ Articles in the Code of Ethics. (Required.)

4. The two types of complaints typically resolved by local Associations are ____. (Required.)

5. A request for arbitration is initially reviewed by ____. (Required.)

6. The Code of Ethics: (Required.)

7. Who can file an ethics complaint? (Required.)

8. An ombudsman determines entitlement to compensation in an arbitration hearing. (Required.)

9. Mediation is the preferred dispute resolution system of the National Association of REALTORS®. (Required.)