Which Canon of Professional Ethics requires that the broker or salesperson employ prudence and caution in the discharge of her duties to avoid misrepresentation?
A) Accounting
B) Competency
C) Fidelity
D) Integrity
Answer: D) Integrity
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Which of the following is true regarding the contractual validity of electronic contracts?
A. India recently passed a law that states that digital signatures are not legally binding. B. Electronic contracts are not enforceable by law. C. E-mail is not considered as a valid form of communication in most developed countries, including India. D. The United Kingdom recognizes digital signatures used in creation of online contracts as legally binding as any paper-based original document. E. The EU Commission has adopted an e-commerce directive that will forbid online retailers from trading by the rules of their home country.
Which of the following statements about the Georgia Real Estate Commission is INCORRECT?
A. It shall be composed of sex members, each appointed by the Governor and confirmed by the Senate. B. One member shall have no connection with the real estate industry C. Five of the members shall be real estate licensees. D. The commission is composed of six real estate licensees plus the real estate commissioner.