Monday 24 May 2021

Nar Code Of Ethics Exam Answers


  • Engineers may not be required to follow the provisions of state or federal law when such actions could endanger or compromise their employer or their clients' interests. If engineers' judgment is overruled under circumstances that endanger life or...
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  • Engineers having knowledge of any alleged violation of this Code, following a period of 30 days during which the violation is not corrected, shall report thereon to appropriate professional bodies and, when relevant, also to public authorities, and...
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  • Engineers may express publicly technical opinions that are founded upon knowledge of the facts and competence in the subject matter. Engineers shall not issue statements, criticisms, or arguments on technical matters that are inspired or paid for by interested parties, unless they have prefaced their comments by explicitly identifying the interested parties on whose behalf they are speaking and revealing the existence of any interest the engineers may have in the matters. Engineers may not participate in any matter involving a conflict of interest if it could influence or appear to influence their judgment or the quality of their services. Engineers shall not accept compensation, financial or otherwise, from more than one party for services on the same project, or for services pertaining to the same project, unless the circumstances are fully disclosed and agreed to by all interested parties. Engineers shall not solicit but may accept financial or other valuable consideration, directly or indirectly, from outside agents in connection with the work for which they are responsible, if such compensation is fully disclosed.
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  • Engineers in public service as members, advisors, or employees of a governmental or quasi-governmental body or department may participate in decisions with respect to services solicited or provided by them or their organizations in private or public engineering practice as long as such decisions do not involve technical engineering matters for which they do not posses professional competence. Engineers shall not solicit nor accept a contract from a governmental body on which a principal or officer of their organization serves as a member. Engineers shall not intentionally falsify their qualifications nor actively permit written misrepresentation of their or their associate's qualifications. Engineers may accept credit for previous work performed where the work was performed during the period the engineers were employed by the previous employer. Brochures or other presentations incident to the solicitation of employment shall specifically indicate the work performed and the dates the engineers were employed by the firms.
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  • Engineers shall not offer, give, solicit, nor receive, either directly or indirectly, any contribution to influence the award of a contract by a public authority, or which may be reasonably construed by the public as having the effect or intent of influencing the award of a contract unless such contribution is made in accordance with applicable federal or state election campaign finance laws and regulations. Engineers shall acknowledge their errors after consulting with their employers or clients.
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  • Answer 1 How much continuing education am I required to take each year to maintain an Active license? To maintain an Active license, a licensee must take eight 8 hours of continuing education each year. See Rule 58A. Where can I find a list of classes and how do I sign up? Contact course providers to register. Mandatory Update has been replaced. Per Rule 58A. Log into your online license record to view your credits. What are the qualification requirements and how do I apply? NCAC 58H. Refer to Rules 58H. What must I do to return my license to active status? Per Commission Rule 58A. Then submit form 2.
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  • Here's a look at what that entails. The Code of Ethics is an important part of what separates Realtors from other real estate professionals. And all members must pass Code of Ethics training every two years. The National Association of Realtors' Code of Ethics, adopted in , was one of the first codifications of ethical duties adopted by any business group. The code ensures that consumers are served by requiring Realtors to cooperate with one another in furthering clients' best interests. The code covers duties to clients and customers, to the public, and to other Realtors. NAR resources Code of Ethics, professional standards, and mediation resources Training requirements All Realtors are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time within two-year cycles, through After , the cycle will be three years.
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  • Inasmuch as the two items were out in the open, I testified that there was no concealment on the part of the listing broker, and no requirement to disclose that which was clearly visible and obvious. Case 2: Buyers sued a listing Realtor and the sellers for damages after their offer to purchase her listing at full price without an appraisal was not accepted, but a lower offer was. My examination of the evidence revealed that the agent had negotiated a secret agreement with the sellers providing for a lower commission if she also procured the buyers, which is exactly what happened. Dual or variable commission arrangements are not illegal, but according to Article 3 of the Code of Ethics, they must be indicated as such in the MLS and the details have to be disclosed immediately to any cooperating agent who plans to present an offer.
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  • So, in my sworn deposition, I declared that this breach of the Code also led to a violation of the FREC requirement that licensees deal fairly and honestly. Case 3: Buyer sued Realtor for substantial damages claiming lost potential profit charging that the Realtor unfairly failed to inform him of better competing offers. This was an easy case. It turned out that the buyer neither asked if there were any competing offers, nor did the seller give the required permission for his Realtor to reveal their existence. Article 1 of the Code says that conduct is o. This will protect you from charges of violating Article 9 of our Code, and thus insulate you from FREC charges that you failed to exercise skill, care, and diligence in the transaction.
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  • For example, FREC does not give a hoot if you recklessly make false or misleading statements about your competitor or former partner -- conduct that is outlawed by Code Article And the next thing you know, an expert is hired who will tie the violations of the Code of Ethics to particular violations of Florida Statute , and then tell the jury all about it. Study the Code, conduct yourself accordingly, and you will be on the right side. All rights reserved. A native Chicagoan, his University of Chicago degree is in Economics. Following a notable 1st career as a creative professional in the advertising agency business, Larry earned a broker license and later completed Coldwell-Banker's training course in Miami. He is mostly retired from the brokerage business but stays current on the law. For specific technical or legal advice on the information provided and related topics, please contact the author.
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  • Consequently, you will see questions that are similar to the CPA exam but not identical. Here are some common examples: Independence Generally speaking, independence questions ask whether to not a CPA has to be independent to perform a certain task. Typically, these include an audit, tax work, or other engagements. If a member and the attest client were involved in a lawsuit, the litigation is an adverse threat. Advocacy threat: This threat is the opposite of an adverse threat. Since the member is promoting or advocating for the client so much, the member cannot be objective.
    Link: https://ca.answers.yahoo.com/question/index?qid=20201120124446AAAiTIQ
  • Familiarity threat: In this case, the member has a long or close relationship with the client and the CPA is too sympathetic to be objective. Therefore, if an audit team member has an immediate family or a close relative in a key management position at an attest client, the audit firm is not independent. The same is true if an audit partner has been on an engagement for a prolonged period of time. For this reason, public companies are required to rotate partners off of attest clients periodically.
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  • When in doubt, use common sense to answer these types of questions. The situations explained listed above create some obvious problems for a member. Compliance with standards The ethics exam may present a number of different organizations that establish standards for members. FASB is the most frequently cited organization, but you may see others. It may sound unusual, but members can prepare financial statements that conform to a standard that is not GAAP. Here are some of those situations: The financial statements are for a company that is not based in the US. The member and the client have a written agreement or contract stating that the financial statements should confirm to a non-GAAP method. A regulator or government agency require the firm to issue special purpose financial statements Keep in mind that GAAP compliance is not a requirement for every client engagement. Confidentiality Keeping client information confidential may seem obvious.
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  • However, there are some issues that are unusual. When a CPA moves to a new company or starts to work for a former client, the CPA cannot use information obtained from attest work on the client to gain a personal advantage. The member cannot offer to purchase the equipment because the member has confidential information about the cost of the asset. Ultimately, all members are allowed to use their experience and expertise at a new job. Members are allowed to disclose confidential information if permitted by law, and the attest client authorizes the disclosure. A member can also disclose confidential information based on a subpoena or summons from a court. These issues are frequently tested on the ethics exam. And after hundreds of hours of CPA exam study, it may be tempting to take the exam without preparing. Use these tips to pass your ethics exam and start your career as a Certified Public Accountant. Good luck!
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  • What is the GRI designation? How do I earn the designation? The program consists of two courses, hours each which can be taken in any sequence, and are designed to meet the needs of both the experienced and inexperienced. How will I benefit from earning my GRI? When you obtain the GRI Designation, you will earn one of the industry's most respected and prestigious professional designations. In today's business environment you need more than just motivation and initiative to succeed Where do I take my GRI courses? Getting Your GRI has never been easier. Can I get continuing education credit? The GRI includes negotiating, risk management, technology, social media and marketing. This is a great way to earn your continuing education credits while working on your GRI Designation! No yearly dues are required for this NAR designation. The recommended length of time to complete the GRI designation is no more than five years. Who are the instructors? Our instructors are nationally recognized in the field and hold many NAR designations in their areas of expertise.
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  • With a better understanding of the "product, you'll be ready to fine tune your sales and marketing skills. You'll learn proven techniques for attracting profitable listings, prospecting for new clients and customers and how to "close the sale.
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  • This also applies to a property in which any of your immediate family, your company or employees of your company hold an interest. When agreements are signed, you should give the other party a copy. Do not discriminate against people because of their religion, race, color, sex or otherwise. Ensure your services conform to the standards of practice and competence expected in the real estate industry.
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  • Do not work out of your area of competence, unless you engage assistance from someone who is competent and you disclose this to the client. Read the changes to the Code. Effective January 1, , all NAR members are required to undertake 2. This is separate to any complaints or decisions through the courts or state licensing authorities. Discipline for Code of Ethics violations will vary according to your local association, but typically include things like: A requirement to attend additional ethics training Reprimand letter Suspension of membership and termination of membership for serious or repeated breaches. To protect yourself and your business, be sure you have adequate insurance errors and omissions insurance coverage. Call CRES today at Have you ever been part of a transaction where you had ethical concerns about the other party? What steps do you follow to protect your own business?
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  • Claims examples are for illustrative purposes only. Read your policy for a complete description of what is covered and excluded. Originally Published June 27,
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  • Half of the class is self-directed with pre-recorded videos and the other half via the scheduled webinars with a live instructor. How do the online classes work? There will be 5 five days of 4 four hour scheduled webinars. Prior to each class we suggest that students view videos and complete other activities online to be prepared for the live webinar class.
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  • How do the classroom sessions work? There will be 2 two , 10 ten hour classroom sessions. The student will view videos and complete other online activities prior to the classroom sessions. The 2 two classroom sessions will be held 1 one week apart to give the student sufficient time to complete the self-directed, online video portion of the classes. Do you offer weekday pre license classes? Our online option has the webinar portion conducted during the week. Check our class calendar for dates. Where are your classes located?
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  • How long will it take to complete my classes? All of our classes have 40 forty hours of participation as required by the Board of Registration. The online and classroom options will require 20 twenty hours of video presentation and related activities and 20 twenty hours with an instructor, in either a classroom environment or webinar. The online and classroom options could be completed over a 2 two to 3 three week period. How do I register for pre license classes? Browse the class calendar to determine the format you prefer Classroom, Online or Weekend Warrior and then select the start date of the live lecture portion of your class.
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  • Click that date and it will provide you with more details and a link to register for the class. What should I bring to class with me? Students should be prepared for class by having a notebook, pen, highlighter, 3 x 5 index cards and a basic calculator. Weekend Warrior or Classroom students may want to pack a lunch and snacks. Some locations do have food available for purchase on-site or nearby. Will you send me the manual for the course before I attend?
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  • All materials are provided online for the online and classroom options. What is your Refund Policy if I need to cancel my registration for a class? If you need to cancel a class registration, full refunds will only be issued for the Salesperson Class with at least 72 hours notice before the class start date and 14 days notice before the Broker Class start date. For the Online and Classroom Series, there are no refunds once the online material has been accessed. How much study time is required to pass the state exam? Of course, this depends on your individual learning style. Students learn in different ways and at different paces.
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  • How much is the exam? There are two parts to the exam, the general section and the Massachusetts law section. If you fail one part, you need only retake the section you failed. The salesperson license is issued immediately after passing the exam. The fee is prorated based on the day you pass the exam and your birthday. The reason for the pro-ration is your new license will be valid for two years from your next birthday at which time you will need to renew. Your only requirement to renew your license will be to complete 12 hours of continuing education classes. Can I get a licence if I have a felony on my record? When you apply to take the exam you will be required to complete a CORI form. If you are concerned about past offences on your record you can review the board website for more details. Are your online real estate classes approved by MA for Continuing Education? Yes, all our online classes are fully-approved for CE credits in Massachusetts.
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  • Why haven't I heard of online CE before? Online classes were not allowed before The new law that allows approved real estate schools to teach online classes went into effect February 1, It is only required to maintain membership in the National Association of Realtors. NAR recently changed the requirement to take the course every three years from the previous two year requirement. Are the online real estate classes approved for residential and commercial agents? The MA Board of Registration does not distinguish between residential and commercial agents.
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