KY 3.0 hours Ethics - Course Syllabus

 Ethics  Course Video Image

Course Syllabus:

3.0 Elective Hours

Due to the internet and wide dissemination of information in today's information age, the consumer is well versed in the processes of property sales and purchases. This course assists the licensee in clarifying the ethics involved in each step of the process, whether when working with the consumer or another licensee. This course is designed to meet the requirements of Professional Standards Policy #47 (New Member Orientation Program) and Professional Standards Policy #48 (Quadrennial REALTORs® 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 REALTOR®.

Course Objective

Share knowledge of the process of The Code and how it began.

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 Articles 10 through 14 and how they 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 as enforced at the local level by the local associations.

Explain the complaint process.

Express knowledge of the relationships between the various Articles of The Code regarding disclosure requirements.

Describe the fiduciary duties of accounting, reasonable care and diligence owed to clients and customers as required in the Articles and Standards.

Identify Articles and Standards related to the fiduciary duties of honesty owned to clients and customers.

Outline and implement the fiduciary duties of obedience, loyalty and confidentiality.