DBPR Ethics and Professional Standards

Question 1

Which ethical obligation requires a Florida real estate licensee to act in their client's best interest?

Accepted Answer

Fiduciary duty

Answer

Duty of disclosure

Answer

Duty of care

Answer

Duty of loyalty only

Question 2

Florida's Code of Ethics for real estate professionals is enforced by which organization?

Accepted Answer

The National Association of Realtors (NAR) through local associations

Answer

DBPR directly

Answer

The Florida Supreme Court

Answer

The Florida Real Estate Commission only

Question 3

What does Florida contractor ethics require regarding bids submitted to clients?

Accepted Answer

Bids must be honest and not contain intentionally inflated or fraudulent estimates

Answer

Bids must always be the lowest possible price

Answer

Bids must be submitted in writing with notarization

Answer

Bids are not regulated by ethics rules

Question 4

Which ethical principle prohibits a Florida licensee from revealing confidential client information without authorization?

Accepted Answer

Confidentiality

Answer

Loyalty

Answer

Obedience

Answer

Disclosure

Question 5

A Florida contractor who discovers that a previous contractor's work is defective and does not inform the client is violating which ethical duty?

Accepted Answer

Duty to disclose material information

Answer

Duty of loyalty

Answer

Duty of confidentiality

Answer

Duty of obedience

Question 6

Under Florida law, advertising that a contractor is licensed when they are not would be considered what?

Accepted Answer

Fraudulent misrepresentation

Answer

False but not illegal

Answer

Breach of contract only

Answer

A minor ethical lapse