ASNWER KEY - CODE OF ETHICS AND RESPONSIBILITIES

Question Answer Description

1 d Professional Regulatory Board of Real Estate Service
2 d Real estae dealer
3 b Accredited and Integrated Professional Organization
4 c National Code of Ethics for the Realty Service Practice
5 c Business
6 c Real Estate Broker Partnerships
7 c Developer
8 d Adequate Knowledge, Competencies, and expertise in real estate development and
mangement shall be maintained
9 b Golden rule
10 c Authority to pau surety bond
11 a Postal ID
12 a Split commission with an unlicensed broker
13 a To undervalue the sales price
14 c Government
15 c Deed of absolute sale
16 d Certificate of registration
17 b No man is an island
18 a Discrimination
19 b Conceal relevant information
20 c Piggery
21 d The true basis of capital gain tax
22 a Placed in a separate bank account
23 a Name and license number of the broker
24 b In writing
25 a Loyalty to the client
26 b Property to appreciate the value within a year
27 c The owner and seller knows and both agreed
28 d Be authorized by the owner
29 b No longer put his or her sign for sale
30 a P5,500,000.00
31 c Have the seller and buyer conclude a fair deal
32 d To testify in a truthful manner
33 a With resistance from one familiar with the appraisal of such
34 d The owner offers to list the same to the new broker
35 b Come to the attention of broker X from a different source
36 b The listing broker has consented
37 c His opinion should be done with courtesy and professional respect
38 a Share his experiences on the transaction
39 b Discuss and clear the commission arrangement beforehand
40 b Exhaust remedies within their organization
41 d Expulsion from the organization
42 d The broker can use the services of a salesman of another broker
43 d There is no sign place in the property
44 c The latest offer should be presented to the owner for his decision
45 d Field of specialization as a reat estate broker
46 b To tell the buyer there are many buyers interested although there are only few interested
buyers
47 b Electioneering during the annual election
48 b He will also sell the property after appraising it
49 c Willingly share his experiences with new brokers
50 b Engage the services of the saleperson of aonther broker without informing the broker
concerned