ND 3.0 hours Doing The Right Thing - The Code - Course Syllabus


Course Syllabus:

3.0 Elective Hours

REALTORS® pledge themselves to protect and promote the interests of their client but does not relieve REALTORS® of their obligation to treat all parties honestly. REALTORS® have clients and customers. A client is a person whom a REALTOR® represents, and in almost all cases, someone to whom a REALTOR® owes fiduciary duties. Customers are persons who receive information or services from a REALTOR®, but they are not owed fiduciary duties.

The Code of Ethics requires REALTORS® to provide disclosure, accounting, and reasonable care and diligence to customers as well as clients. The duty of disclosure is found in several Articles and Standards of Practice. Standards of Practice 1-5 requires disclosure and informed consent to represent both parties in the same transaction. Standards of Practice 1-12 requires disclosure to sellers of any potential for disclosed dual agency. Standards of Practice 1-13 requires disclosure to buyers of any potential for disclosed dual agency. Standards of Practice 1-15 requires disclosure with seller's permission of offers on the property. Standards of Practice 12-6 requires disclosure if a REALTOR® is the owner or landlord of the property. Standards of Practice 16-10 and16-11 require a REALTOR® to disclose his or her relationship as a buyer's agent. Standards of Practice 16-12 requires a REALTOR® to disclose his or her relationship as a seller's agent.

This course will provide the real estate professional with knowledge of the relationships between the various Articles of The Code regarding disclosure requirements. Case studies are included to provide a better understanding.