Ethics

The course emphasizes that the standards of ethical conduct in the practice of real estate are based upon the National Association of REALTORS® Code of Ethics and Standards of Practice and upon federal and state laws governing conduct applicable to the practice of real estate. The concept of misrepresentation and all of its implications to the daily practice of real estate is discussed in detail. This course is an article-by-article dissection of the Code of Ethics, organized in three major topic areas:

1. The licensee's ethical conduct with respect to clients and customers
2. The licensee's duty to the public
3. The licensee's duties to fellow REALTORS®

A detailed discussion of specific ethical conduct under each of these three general categories will give the licensee an excellent basis upon which to conduct an ethical practice of real estate.

NAR members are required to complete 2.5 hours of Ethics training every renewal period. This course qualifies towards NAR membership renewal.

Course Topic Outline

The modules covered in this course are

1. The Foundation of Ethics
2. Ethical Conduct
3. Prohibited Conduct With Respect to Clients and Customers
4. A Licensee's Duty to the Public
5. Duties to REALTORS®

This online course contains five modules of text, with a quiz at the end of each chapter. Students must pass the end-of-module quiz with a score of 100% before accessing the next module in the course. There is a 25-question final exam at the end of the course that requires an 80% or higher passing score. 

All materials are included in the cost of the course. Students only need a computer or mobile device with an internet connection. Students are responsible for hardware and/or device costs and internet service charges.

The course includes a time-out function. If students are not engaged in the course for more than 15 minutes, the course will log students out. Students can log back into the course to start back where they last left off.

Learning Objectives

At the end of this course, students will be able to

• identify the basic sources or standards governing real estate licensee ethical conduct.
• recognize how treating clients in a fair and ethical manner helps to prevent litigation.
• distinguish between client and customer status.
• explain the concepts of misrepresentation, non-disclosure, and conflicts of interest.
• discuss and explain the numerous prohibited conduct situations relating to clients and customers.
  
• discuss and explain the numerous duties a licensee owes the public.
  
• recognize how the REALTOR® Code of Ethics are used as a positive guideline to balance the competition and cooperation among REALTORS®.
  

Refund Policy

No refunds are available for this course. Cancellation requires no notification and students may discontinue the course at any time.

OnlineEd may honor post-sale rebate requests for differences in product pricing due to promotions or coupons only if the request is made within 3 business days of purchase. OnlineEd will not honor rebate requests for any products after 3 business days of purchase and will not price-match any competitor's products after a purchase is completed