Agency
The REALTOR Code of Ethics' duty to present a 'true picture' in advertising relates to which principle?
ALoyalty
BHonest representation and avoiding misleading advertising✓ Correct
CConfidentiality
DObedience
Explanation
The REALTOR Code of Ethics requires that licensees present a 'true picture' in advertising and communications, prohibiting misleading statements, deceptive photographs, or false claims about properties or services.
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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.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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