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84 Cards in this Set
- Front
- Back
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What is the definition of state one?
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What is the definition of stage two?
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Why do real estate professionals use stage two language?
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Real estate agents want to earn a commission.
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What is the definition of stage three?
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What is Heinz dilemma?
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Should he steal a drug or not.
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What is the definition of stage 4?
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A simple model of decision making requires that real estate professionals
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What is the definition of stage 5?
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Why are stage five people rare?
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What is the definition of stage six?
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Becoming an ethical person is a lifelong task, one that begins at childhood and never stops. It is a laboriously slow process that accelerates when life transitions or life crises prompt us to reexamine our perspectives. These life challenges often are opportunities for new ethical growth.
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True
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How did real estate professionals from South Florida score on the ethics test?
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What is an ethical dilemma?
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A true ethical dilemma forces us to choose between to positive values: for example, between mercy and justice or between long-term goals and short-term goals.
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Kohlberg's theory gives us one strategy for evaluation our reasoning skills. An immature adult will be more concerned with punishment, self-interest, and peer pressure than with higher moral issues. A mature adult will use the criteria of law, social contracts, and universal values as appropriate standards for debating an ethical issue.
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Did real estate professionals with college degrees do better in Deborah Long's test?
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A college degree does indeed make a person more ethical
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At the end of tape two, Deborah Long presents an ethical dilemma. What is it?
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Where did Deborah Long sell real estate?
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Florida
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What did the Gallup Poll say about real estate agents? Where did they rank?
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What happened to Deborah Long's father?
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Real estate professionals with more experience are more ethical
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What are some ethical issues facing Utah real estate professionals?
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Appraisal fraud, lender fraud and failure to disclose....Answer: D-All of the above
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Utah requires ethics training?
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Yes
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What are the consequences of ethics violations in Utah?
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loss of license, big fines, imprisonment...Answer: D. All of the above
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What is the ethical climate in the U.S. today?
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ethical violations come to light almost every day.
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Does UVU have an ethics statement?
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Yes
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What is the title of the "Code of Ethics?"
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Code of Ethics and Standards of Practice of the national Association of Realtors
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What are the four sections of the code of ethics:
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Preamble, Duties to Clients and Customers, Duties to the Public, Duties to REALTORS
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What is one word that defines 1-9?
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Protect
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What is the problem addressed in Article 2?
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Real estate professionals don't measure square feet accurately.
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What statement defines Article 3?
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real estate agents should cooperate with other brokers except when cooperation is not in the client's best interest.
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What is another name for Article 10?
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Fair Housing
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What is another name for Article 11?
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General Competence
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What is another name for Article 12?
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True Picture Advertising
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Does Article 13 allow us to practice law? Realtors shall not engage in activities that constitute the unauthorized practice of law and shall recommend that legal counsel be obtained when the interest of any party to the transaction requires it.
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No, real estate agents never practice law.
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Article 14 deals with:
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Investigations of ethics violations, investigations of loan officers, investigations of appraisers...answer: D. All of the above
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Article 15 deals with:
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If it is true and we can prove it, we can badmouth anyone.
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Article 16 tells us to do what?
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Respect Agency
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What does 16-9 remind us to do?
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find out and respect any agency agreements that a new customer might have signed with another real estate agent
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What does article 17 ask us to do?
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Try to arbitrate disputes.
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The main purpose of the real estate license law is:
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To protect the public
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Congress, who establishes federal laws, belongs to which branch of government?
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Legislative
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Utah state laws are established by the :
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Legislature
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The executive branch of governement in the state of Utah is administered by the:
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Governor
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The three main branches of government are:
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Legislative, Executive and Judicial
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The Division of Real Estate is administered by the:
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Division director
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The main responsibility of the Department of Commerce is to:
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issue licenses
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The governor's cabinet is divided into:
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Departments
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The Division of Real Estate regulates:
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Mortgage Brokers
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The Division of Real Estate is NOT respnsible for:
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renewing licensee candidates
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Which of the following statement is TRUE?
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There are divisions within departments
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Which of the following persons oversees the executive branch of government?
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The Governor
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Which statement regarding statutes and rules is true?
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The statute authorizes the administrative rules.
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Which act requires a real estate license?
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A person receiving $100 for helping his brother buy a home
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An associate broker:
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Has the same qualifications as a principal broker but cannot act as the principal broker.
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A principal broker's main office is:
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The office which the broker designates with the Division as the primary brokerage office
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Which statement regarding principal brokers is TRUE?
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a principal broker may be paid at a stated salary, a commission basis, or both.
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Licensed property management activity, for another and for compensation, includes:
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leasing of apartment units for less than 30 days
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Which of the following is NOT a Utah real estate license?
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branch broker
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A real estate license is required when:
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a son is compensated for managing his mother's apartment building.
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The Executive Director is the director of the
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Department of Commerce.
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A regular salaried employee means:
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An employee who is paid wages or other remunerations whose employer withholds federal employment taxes.
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An associate broker license functions the same as:
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A sales agent license
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A person needs to have a real estate license when performing all of the following acts for someone else compensation EXCEPT:
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Sweeping, watering, maintaining the neighbor's property
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A person would be exempt from the requirement of having a real estate license in the following scenario:
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George does property management for Donald as a regular salaried employee. George works exclusively for Donald.
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An "act" is:
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A Statute
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The Utah Real Estate Commission is composed of:
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Four real estate licensees and one public member
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Wich Statement is True?
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Statutes and acts are the same.
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One of the requirements for holding a real estate license is that of honest and integrity. How do the commission and division determine these qualities of a licensing applicant?
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Require a criminal background check.
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Oscar, a brand new licensee, is discovered through the fingerprint process to have a criminal background. He did not reveal this information on his application. Which statement is FALSE?
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Oscar, because he failed to disclose this information will not be entitled to appeal the revocation.
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The Utah Division of Real Estate, the Utah Real Estate Commission, and the Utah Association of Realtors are all separate entities. Which of the following statements is TRUE
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Membership in the Utah Association of Realtors is voluntary.
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The Division of Real Estate regulates the following:
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Property managers, appraisers, mortgage brokers
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For time spent in serving as a commissioner, a Commission member is paid:
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Per diem for expenses from the Division
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The following action requires a real estate license:
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Carolyn has been asked by her church to sell a house that is surrounded by a parking lot the church owns. She will be compensated in goods from the church's thrift store.
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If the licensee appeals the post-license revocation based on the results of the criminal background check, relief (reissuance of the license) may NOT be granted based on the following:
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the licensee relied on the advice of his prospective new principal broker.
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Which individual would need to have a real estate license
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Dan is offering only a vacant lot for sale for his neighbor. He expects that the buyer will pay him a commission
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For a sales agent to become a principal broker, the sale agen must:
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have three years of sales experience, 120 hours of education and take an exam
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Henry lives in Montpelier, Idaho and is licensed in Idaho as a principal broker. Jane, Carol and Susan are licensed with Henry as Idaho sales agents. Jane lives in Montpelier but crosses into Utah to practice real estate in Garden City. Which of the following statements are true?
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If Henry also has a Utah principal broker license, and Jane is affiliated with him in Idaho, Jane can come into Utah and practice providing she gets a Utah sales agent license.
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Which statement regarding the Utah Real Estate Sales Agent Questionnaire is accurate?
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It requires the prospective licensee to disclose past ethical ehavior that could be an issue in the licensing process.
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The Real estate commission shall create administrative rules for all except the following:
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mortgage brokers
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Reciprocity in real estate means the following:
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allowing licensees from another estate to get licensed in the state of Utah with no additional education or examination requirements if that state will allow Utah the same privelages.
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The Real estate commission is not responsible for the following
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processing license renewals
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The licensing applicant, after passing both portions of the exam, must aply to license within:
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90 days and one year of the exam and education certification
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The division of Real Estate is directly regulated but the
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Department of commerce
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The division of Real Estate regulates all of the following escept:
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mortgage lenders
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