DRE & LicensingIntermediateCalifornia Exam
A broker who is a REALTOR® is also a member of:
AThe DRE, as required for license renewal in California
BThe National Association of REALTORS® (NAR) and subscribes to a Code of EthicsCorrect
CThe state bar association, consistent with Business and Professions Code licensing rules
DThe California Housing Finance Agency, under California Department of Real Estate requirements
Why The National Association of REALTORS® (NAR) and subscribes to a Code of Ethics Is Correct
Answer B: The National Association of REALTORS® (NAR) and subscribes to a Code of Ethics
REALTOR® is a trademarked designation for members of the National Association of REALTORS® (NAR). REALTORS® must adhere to NAR's Code of Ethics, which establishes professional standards beyond those required by state law.
Key DRE & Licensing Terms in This Question
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
State-Specific Concepts
DRE Regulation
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