Question: TRUE or FALSE: REALTORSÂ® may only be disciplined if they violate the Code of Ethics; they are immune to other charges.

Answer: The statement is FALSE. REALTORSÂ® can face discipline for a variety of infractions beyond violations of the Code of Ethics, including civil and criminal charges.

Understanding Ethics Disciplinary Measures for REALTORSÂ®

29 Dec 2022

Explanation:

Professional Conduct Regulations: REALTORSÂ®, as professionals holding real estate licenses, are held accountable to state laws and regulations regarding their conduct. This means they can be disciplined for a wide range of infractions, not just those outlined in the Code of Ethics.

Civil and Criminal Charges: In addition to ethical violations, REALTORSÂ® can also be subject to civil and criminal charges that may arise from their business practices or personal actions. This includes legal consequences for fraudulent activities, misrepresentation, negligence, and other misconduct.

Importance of Compliance: It is essential for REALTORSÂ® to adhere to both ethical standards and legal requirements to maintain their professional reputation and license. Failure to comply with regulations can result in severe consequences, including fines, suspension, or revocation of their license.

Educational Resources: To ensure compliance with ethical and legal obligations, REALTORSÂ® should stay informed about industry regulations and seek ongoing education to enhance their knowledge and skills. By staying proactive and accountable, real estate professionals can uphold the integrity of the profession and protect their clients' interests.

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