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ETH001 Exam Questions with precise detailed solutions || || || || || ||
A study by the American Society of Executives found that ________ of associations fully
|| || || || || || || || || || || || || ||
enforce their ethics codes - ✔✔1/3
|| || || || ||
Ethics comes from the Greek word "ethos" meaning - ✔✔Character
|| || || || || || || || ||
Ethics involves a ________ effort of studying our own moral belief and conduct -
|| || || || || || || || || || || || || ||
✔✔Continuous
An unethical action is _______ illegal - ✔✔Sometimes
|| || || || || || ||
Who is required to uphold the IREM Code of Ethics? - ✔✔CPM Members, CPM
|| || || || || || || || || || || || || ||
Candidates, ARM Members, ACOM Members, and Associate Members || || || || || || ||
Ethics for an organization such as IREM, are defined as - ✔✔standards governing the
|| || || || || || || || || || || || || ||
conduct of members of the profession
|| || || || ||
How many articles are there in the IREM Code of Ethics - ✔✔14
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Which article requires that an IREM member offer equal professional services to all
|| || || || || || || || || || || || ||
persons? - ✔✔Article 11: Equal Opportunity
|| || || || ||
Which article requires an IREM Member to provide the institute any significant, factual
|| || || || || || || || || || || || ||
information that reasonably suggests another may have violated the IREM Code of
|| || || || || || || || || || || ||
Professional Ethics - ✔✔Article 13: Duty to Report Violations || || || || || || || ||
, 2
The IREM Member Pledge can be cited for ethics violations. True or false? - ✔✔True
|| || || || || || || || || || || || || ||
An IREM Member was found by his real estate licensing agency to have violated certain
|| || || || || || || || || || || || || || ||
state license laws. If an ethics complaint is filed against him which article would be cited? -
|| || || || || || || || || || || || || || || || ||
✔✔Article 10: Compliance with Laws and Regulations || || || || || ||
A real estate manager, he himself an IREM Member, was preparing a complaint against a
|| || || || || || || || || || || || || || ||
CPM Candidate who had worked for him several months ago. The basis of the complaint
|| || || || || || || || || || || || || || ||
was that the former employee had been making derogatory comments against his former
|| || || || || || || || || || || || ||
employer. Which article/s should be cited by the manager who is drafting the complaint? -
|| || || || || || || || || || || || || || ||
✔✔Article 9: Duty to Former Clients and Former Firms or Employers || || || || || || || || || ||
An IREM Member found herself in a difficult financial position and needed $300 to get her
|| || || || || || || || || || || || || || || ||
through this rough period. Knowing that the money would never be missed, she removed
|| || || || || || || || || || || || || ||
$300 from the petty cash fund of a property she managed, intending to pay it back over
|| || || || || || || || || || || || || || || || ||
time. Which articles of the Code were violated in this case? - ✔✔Article 1: Loyalty to Client,
|| || || || || || || || || || || || || || || ||
Firm, and/or Employer,
|| || || ||
Article 8: Managing the Assets of the Client
|| || || || || || ||
An IREM Member is responsible for purchasing all maintenance supplies for the office
|| || || || || || || || || || || || ||
building he manages. One supplier has offered him a rebate of two percent off the total
|| || || || || || || || || || || || || || || ||
order if he places the order with him. If the Member personally keeps the rebate, which
|| || || || || || || || || || || || || || || ||
articles of the code does this violate? - ✔✔Article 1: Loyalty to Client, Firm, and/or
|| || || || || || || || || || || || || || ||
Employer ||
Article 7: Conflict of Interest || || || ||
Maintaining accurate records of a property's operation is good real estate management, but
|| || || || || || || || || || || || ||
there is no ethical obligation to do so under the code. True or false? - ✔✔False
|| || || || || || || || || || || || || || ||
ETH001 Exam Questions with precise detailed solutions || || || || || ||
A study by the American Society of Executives found that ________ of associations fully
|| || || || || || || || || || || || || ||
enforce their ethics codes - ✔✔1/3
|| || || || ||
Ethics comes from the Greek word "ethos" meaning - ✔✔Character
|| || || || || || || || ||
Ethics involves a ________ effort of studying our own moral belief and conduct -
|| || || || || || || || || || || || || ||
✔✔Continuous
An unethical action is _______ illegal - ✔✔Sometimes
|| || || || || || ||
Who is required to uphold the IREM Code of Ethics? - ✔✔CPM Members, CPM
|| || || || || || || || || || || || || ||
Candidates, ARM Members, ACOM Members, and Associate Members || || || || || || ||
Ethics for an organization such as IREM, are defined as - ✔✔standards governing the
|| || || || || || || || || || || || || ||
conduct of members of the profession
|| || || || ||
How many articles are there in the IREM Code of Ethics - ✔✔14
|| || || || || || || || || || || ||
Which article requires that an IREM member offer equal professional services to all
|| || || || || || || || || || || || ||
persons? - ✔✔Article 11: Equal Opportunity
|| || || || ||
Which article requires an IREM Member to provide the institute any significant, factual
|| || || || || || || || || || || || ||
information that reasonably suggests another may have violated the IREM Code of
|| || || || || || || || || || || ||
Professional Ethics - ✔✔Article 13: Duty to Report Violations || || || || || || || ||
, 2
The IREM Member Pledge can be cited for ethics violations. True or false? - ✔✔True
|| || || || || || || || || || || || || ||
An IREM Member was found by his real estate licensing agency to have violated certain
|| || || || || || || || || || || || || || ||
state license laws. If an ethics complaint is filed against him which article would be cited? -
|| || || || || || || || || || || || || || || || ||
✔✔Article 10: Compliance with Laws and Regulations || || || || || ||
A real estate manager, he himself an IREM Member, was preparing a complaint against a
|| || || || || || || || || || || || || || ||
CPM Candidate who had worked for him several months ago. The basis of the complaint
|| || || || || || || || || || || || || || ||
was that the former employee had been making derogatory comments against his former
|| || || || || || || || || || || || ||
employer. Which article/s should be cited by the manager who is drafting the complaint? -
|| || || || || || || || || || || || || || ||
✔✔Article 9: Duty to Former Clients and Former Firms or Employers || || || || || || || || || ||
An IREM Member found herself in a difficult financial position and needed $300 to get her
|| || || || || || || || || || || || || || || ||
through this rough period. Knowing that the money would never be missed, she removed
|| || || || || || || || || || || || || ||
$300 from the petty cash fund of a property she managed, intending to pay it back over
|| || || || || || || || || || || || || || || || ||
time. Which articles of the Code were violated in this case? - ✔✔Article 1: Loyalty to Client,
|| || || || || || || || || || || || || || || ||
Firm, and/or Employer,
|| || || ||
Article 8: Managing the Assets of the Client
|| || || || || || ||
An IREM Member is responsible for purchasing all maintenance supplies for the office
|| || || || || || || || || || || || ||
building he manages. One supplier has offered him a rebate of two percent off the total
|| || || || || || || || || || || || || || || ||
order if he places the order with him. If the Member personally keeps the rebate, which
|| || || || || || || || || || || || || || || ||
articles of the code does this violate? - ✔✔Article 1: Loyalty to Client, Firm, and/or
|| || || || || || || || || || || || || || ||
Employer ||
Article 7: Conflict of Interest || || || ||
Maintaining accurate records of a property's operation is good real estate management, but
|| || || || || || || || || || || || ||
there is no ethical obligation to do so under the code. True or false? - ✔✔False
|| || || || || || || || || || || || || || ||
