This two module course covers the interpretation and application of the Code of Ethics and Standards of Practice as well as current Legal Issues in real estate.
Nebraska students will receive both CE (6hrs) & GRI (15 hrs) credit. The course contains multiple choice exams & quizzes, interactive exercises, and is completed with a multiple choice final exam covering both the Legal Issues and Ethics modules.
Legal Issues in Real Estate
The purpose of this class is to alert licensees to those situations that may cost them large amounts of money, or their license, or both. The course will help protect the public by educating licensees to recognize bad business practices while making them aware of the ongoing legal issues in real estate.
- Unit 1- Fair Housing
- Unit 2-Awareness - A New Millennium
- Public Awareness
- Other Issues
- Unit 3-Agency
- Title Risk
- Unit 4: Contract Risk
- Unit 5: Liability
- Final Exam
Ethics and Professional Practice
This course has been developed to meet the NAR Ethics requirements. The code of ethics, which is similar in nature to the Code of Professional Responsibility to be followed by all lawyers, was enacted by the NATIONAL ASSOCIATION OF REALTORS® and must be followed by all REALTORS®. It has been stated that "adherence to the Code is a great bond between REALTORS® throughout the country." The Code is the only self-imposed national regulation of the real estate profession. By crossing all state lines, it creates an environment in which interstate cooperation is possible. The Code should be distinguished from the "law" as made by the courts or legislatures. Further, it is a separate body from the "Regulations" promulgated by the Real Estate Commission. All three have, however, a common thread: they are designed to protect. They also permit each REALTOR® to be able to anticipate future behavior: how we and everyone else ought to act.
Course Topics include:
- Princess Story - A fictional story used to illustrate ethical situations / decisions
- Ethical behavior
- Code of Ethics and Standards of Practice
- Process for Enforcing the Code of Ethics
- Case Studies
- Pathways to Professionalism