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TRELA: Standards of Conduct

Horizontales
The duty of __ requires the broker to be informed about the real estate industry and communicate related information to the client.
A broker who acts as a/an __ may not disclose that the seller will accept a lower price.
The real estate licensing law establishes __ behavior.
One of the fiduciary duties is __.
The Commission requires the Consumer Protection Notice to be displayed in a brokerage __.
A broker must maintain all documentation regarding a trust account for __ years from the date the documentation was received or created by the broker.
The license holder must properly __ for money and property entrusted to his or her possession.
A/An "__" is a written or oral communication by a license holder which attempts to induce a member of the public to use the services of the license holder.
The license holder must __ material facts that affect the client.
__ must act on behalf of the public and perform in an ethical manner.
__ is the making of false statements.
__ is the ability to practice real estate successfully and efficiently.
__ is the quality of a person who demonstrates sound moral and ethical principles in life.
In Texas, earnest money is most commonly handled by the __ agent, or title company, in sales transactions.
Verticales
The duty of __ extends beyond the termination of the relationship.
__ and caution help avoid danger and mistakes.
The license holder must keep a client’s personal information __ unless disclosure is required by law.
__ has a professional ethics code that its members must adhere to.
"__ money" refers to client's money, earnest money, rent, unearned fees, security deposits, or any money held on behalf of another person.
When a license holder accepts the delegation of authority from a principal, the license holder becomes a/an __.
__ is the mixing of personal money with the money of others.
The duties a license holder owes to a/an __ are more limited than those due a client.
Three kinds of standards define the behavior of the professional real estate licensee: Legal, Professional and __.
An agent must exercise __ care and due diligence to promote and protect a client’s best interest.
An advertisement by a salesperson which identifies the salesperson as a broker would be considered a __ or misleading advertising.
The principal/client is the __ and the broker and/or broker’s sponsored license holder is the employee.
The code of ethics established by the Texas Real Estate Commission for its licensees is called the “__ of Professional Ethics and Conduct.”