Ethics and Professional Standards Flashcards

Which of the following behaviors violates DBPR professional ethics standards for licensed Florida professionals?

Answer: Soliciting clients from a competitor through misrepresentation

Using misrepresentation to solicit a competitor's clients violates professional ethics standards and may constitute unfair business practices under Florida law.

Florida's professional ethics standards require licensees to handle client funds in what manner?

Answer: Keep client funds in a separate trust or escrow account

Proper handling of client funds requires maintaining them in a separate trust or escrow account, preventing commingling with business operating funds.

A Florida real estate licensee who has a personal financial interest in a property being shown to a client must do what?

Answer: Disclose the conflict of interest to the client

Any personal financial interest in a transaction must be disclosed to the client so they can make an informed decision about the professional relationship.

What is the ethical obligation of a Florida contractor who realizes mid-project that costs will significantly exceed the original estimate?

Answer: Promptly notify the client and discuss options before proceeding

Ethical practice requires contractors to immediately inform clients of significant cost overruns and obtain approval before continuing work.

Kickbacks or undisclosed referral fees received by a Florida licensee from third parties are considered what?

Answer: Unethical and potentially illegal under Florida law

Undisclosed kickbacks and referral fees violate professional ethics and may constitute fraud or bribery under Florida law, requiring full disclosure to clients.

Which ethical principle requires a Florida licensed professional to maintain the skills necessary to competently serve clients?

Answer: Duty of competence

The duty of competence requires professionals to maintain adequate knowledge and skills, which is why continuing education is required for license renewal.