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4.0 hours Doing The Right Thing - The Code Course Syllabus

Course Syllabus:

4.0 Elective Hours.

To be an ethical real estate professional, you should avoid exaggeration or misrepresentation and disclose all pertinent facts about the property or transaction. Article 2 of The Code Of Ethics could be considered the property or transaction disclosure article. Its precepts include the obligation not to exaggerate, misrepresent, or conceal pertinent facts about the property or the transaction.

There is no obligation to disclose facts which are confidential under the scope of agency duties. Article 2 does not include an obligation to discover latent defects, or an obligation to advise on matters outside the scope of one's real estate license.

The word "latent" refers to something that lies hidden which could possibly surface at some later time. When applied to real properties, it implies a problem that may not be readily apparent during a routine inspection but which is present nonetheless. Typically, the problem is likely to be aggravated and discovered by use.

Article 2, having taken all this into consideration, takes the position that it is not incumbent upon the REALTORĀ® to discover latent defects. So, if during the normal previews and inspections that occur with and or on behalf of the buyer, the defect is not readily apparent, the REALTORĀ® is not expected to make any special discovery effort in that regard.

Scheduled Outage: September 20, 2018 7:00 - 7:15 AM EST