Who must adhere to the ethical guidelines set by administrative rules and state statutes?

Who must adhere to the ethical guidelines set by administrative rules and state statutes?

• A. Only brokers
• B. All licensees
• C. Only agents
• D. Only supervising brokers

Answer: (B)

The ethical guidelines set by administrative rules and state statutes apply to all licensees in the real estate industry. This means that every individual who holds a license—whether they are brokers, agents, or any other type of licensed personnel—must comply with these standards. These guidelines are in place to ensure that all professionals maintain a level of integrity, professionalism, and accountability in their business practices, protecting consumers and promoting fairness across the industry. By adhering to these ethical standards, all licensees contribute to building trust in the real estate market, fostering positive relationships with clients, and upholding the reputation of the profession as a whole. This inclusive approach to ethics reinforces that responsibility extends beyond just one group, underscoring that every licensed individual plays a vital role in maintaining ethical practices within the industry.

The ethical guidelines set by administrative rules and state statutes apply to all licensees in the real estate industry. This means that every individual who holds a license—whether they are brokers, agents, or any other type of licensed personnel—must comply with these standards. These guidelines are in place to ensure that all professionals maintain a level of integrity, professionalism, and accountability in their business practices, protecting consumers and promoting fairness across the industry.

By adhering to these ethical standards, all licensees contribute to building trust in the real estate market, fostering positive relationships with clients, and upholding the reputation of the profession as a whole. This inclusive approach to ethics reinforces that responsibility extends beyond just one group, underscoring that every licensed individual plays a vital role in maintaining ethical practices within the industry.