IL 3.0 hours Ethics - Course Syllabus


Course Syllabus:

3.0 Elective Hours

The most ethical and professional way to provide proper service to the buyer, avoid misrepresentation, and to protect the buyer from unforeseen problems that may become evident later. Giving the buyer the proper advice to ensure that they do not inherit a problem that could have either been addressed or eliminated is in keeping with the underlying principle of the Code of Ethics, Service to the Public.

Be honest; represent your client, but be honest to all. You should avoid exaggeration or misrepresentation; disclose pertinent facts. Cooperate with other REALTORS® when in your client's best interest; be honest about compensation being offered. Always make your true position is known when buying, leasing, or presenting offers on behalf of yourself or your immediate family. Do not offer professional services on a property in which you have a present or contemplated interest without disclosing your interest. Do not take a rebate, commission, or profit without your client's knowledge and consent, and do not take compensation from more than one party without informed consent from all parties. Keep an escrow account for funds which do not belong to you. Put all contracts and agreements in writing, and furnish a copy to everyone who signs them.

This course covers concepts of duties to clients/customers as well as the duties to the public and duties to REALTORS®. Upon course completion, the real estate professional will have a better understanding of the Code of Ethics and how to apply it to their day to day activities.