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3.0 hours Ethics


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Course Syllabus:

Hrs

Requirement

3 3.0 Elective Hours

This course is designed to meet the requirements of Professional Standards Policy #47 (New Member Orientation Program) and Professional Standards Policy #48 (Quadrennial REALTORsĀ® Ethics Training) as found in the NAR Code of Ethics and Arbitration Manual. NAR case studies are included. This course also covers the fiduciary duties of a REALTORĀ®.

The agent will have a systematic guide to understanding ethical dilemmas related to everyday real estate practice with appropriate actions and expected decision making processes.

Instructor: Susan Davis
Author: Susan Davis, CDEI 564.002611
Mandatory Seat Timer: Yes
Format: Online
Credit Hours: 3
Required Quiz Grade: 60
Exam Required: Yes (closed book)
Number of Exam Questions: 25
Type of Questions: Multiple Choice
Number of Different Exams: 2
Exam Pass Grade: 70%

Exam Retake:
If you fail the exam no credits will be issued. If you fail the exam 2 times, you are required to retake the course. There is no charge to retake the course.

Content Review:
The Table of Contents page within each course will list the lesson titles and the expected time it should take the student to complete.

Kickout Minutes:
15 minutes. We need to receive a keystroke or mouse click from you every 15 minutes in order for your elapsed time to apply to your total time. If your elapsed time is greater than 15 minutes, then your time will not be counted towards your course time.

Availability of Course:
You will have 180 days to complete the course. The State course expiration date will override the account expiration date assigned at the time of purchase. Any expired, unfinished course will be replaced with a current state approved course, and will be available to you until your account expires. The courses can be accessed from any device connected to the internet at any time.

Illinois Department of Financial and Professional Regulation Real Estate Education course approval number: 564.002611

Course Objective

Share knowledge of the beginning and process of the Code.

Describe the concept of general business ethics.

Identify at least two of the aspirational concepts in the Preamble to the Code of Ethics.

Identify the three major sections to the Code of Ethics.

Discuss key concepts associated with the Articles.

Understand that Articles 10 through 14 relate to Duties owed to the Public.

Demonstrate knowledge of responsibilities to fellow REALTORS®.

Identify key terms associated with ethics complaints and arbitration claims.

Understand the enforcement process of The Code of Ethics is enforced at the local level by the local associations.

Explain the complaint process.