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®
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Code of Ethics Case Studies
Duties to Clients and Customers
Articles 1 to 9
Duties to the Public
Articles 10 to 14
Duties to REALTORS
®
Articles 15 to 17
Duties to Clients and Customers - (Articles 1 to 9)
Case #1-1:
Fidelity to Client
Case #1-2:
Honest Treatment of All Parties
Case #1-3:
Net Listing
Case #1-6:
Fidelity to Client's Interest
Case #1-7:
Obligation to Protect Client's Interests
Case #1-10:
Obligations Under Exclusive Listing
Case #1-13:
Obligation to Present Subsequent Offers After an Offer to Purchase
Has Been Accepted by the Seller
Case #1-15:
Obligation to Advise Client on Market Value
Case #1-16:
Obligation to Advise Client of Market Value
Case #1-18:
REALTOR
®
Not Responsible for Legal Advice
Case #1-20:
REALTORS
®
Buying and Selling to One Another
Are Still Considered REALTORS
®
Case #1-23:
Claims of Guaranteed Savings
Case #1-26:
Subordination of Client's Interests to REALTORS
®
's Personal Gain
Case #1-28:
Disclosure of Existence of Offers to Prospective Purchasers
Case #2-1:
Disclosure of Pertinent Facts
Case #2-2:
Responsibility for Sales Associate's Error
Case #2-3:
Obligation to Disclose Defects
Case #2-4:
Obligation to Ascertain Pertinent Facts
Case #2-6:
Misrepresentation
Case #2-8:
Misrepresentation
Case #2-18:
Honest Treatment of All Parties
Case #2-19:
Deceptive Information in MLS Compilations
Case #3-1:
Rules of MLS May Not Circumvent
Case #3-4:
Cooperation Not Mandatory
Case #3-9:
REALTOR
®
's Obligation to Disclose True Nature of Listing Agreement
Case #3-5:
Refusal to Extend Cooperation In Sale of New Homes
Case #3-10:
Disclose Accepted Offers with Unresolved Contingencies
Case #4-1:
Disclosure when Buying on Own Account
Case #4-2:
Indirect Interest in Buyer
Case #4-4:
Responsibility for Subordinates
Case #4-6:
Disclosure of Secured Interest in Listed Property
Case #5-1:
Contemplated Interest in Property Appraised
Case #6-1:
Profit on Supplies Used in Property Management
Case #6-2:
Manager's Use of Client's Property for Vending Machines
Case #6-4:
Acceptance of Rebates From Contractors
Case #6-5:
Advertising Real Estate-Related Products and Services
Case #6-6:
Disclose Affiliated Business Relationships Prior to Recommending Real Estate-Related Products or Services
Case #7-1:
Acceptance of Compensation from Buyer and Seller
Case #8-1:
Failure to Put Deposit in Separate Account
Case #8-2:
Request for Investigation Filed by Board with the State Real Estate Commission
8400 Corporate Drive | Suite 225 | Landover, MD 20785 | Phone 301-306-7900 | Fax 301-306-8273 |
pgcar@mris.com
© Copyright 2010 by the
Prince George's County Association of REALTORS
®
Inc.
All Rights Reserved.