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ETH001 Exam Questions with 100% Correct Answers | Verified | Latest Update 2024
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ETH001 Exam Questions with 100% Correct Answers | Verified | Latest Update 2024
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ETH001 Exam Questions______ means that each party involved in an ethics complaint is given the right to be heard in a fair
and impartial manner. - ✔✔Due process
__________ is the solicitation of gifts or favors in exchange for using your clout to change the
outcome of an event or transaction - ✔✔Influence peddling
A _______ carries the expectation that the giver will receive an unfair advantage/exchange for an
item of value - ✔✔Bribe
A CPM Candidate submitted a management plan to IREM for CPM Submissions Credit. The grader
of the plan noticed a strong resemblance to a plan she had previously graded. The two plans were
compared, and it was found that 5 sections of the plan were identical. If a complaint were to be filed,
which section of the IREM Code of Professional Ethics would be the most appropriate to cite? -
✔✔Pledge
A CPM Candidate submitted a management plan to IREM for CPM Submissions Credit. The grader
of the plan noticed a strong resemblance to a plan she had previously graded. The two plans were
compared, and it was found that 5 sections of the plan were identical. This is not an ethics matter,
since it does not involve relationships between the CPM Candidate and real estate owners and
residents, and therefore should not be handled by IREM. True or False? - ✔✔False
A CPM Candidate submitted a management plan to IREM for CPM Submissions Credit. The grader
of the plan noticed a strong resemblance to a plan she had previously graded. The two plans were
compared, and it was found that 5 sections of the plan were identical. This is not an ethics matter,
since it involves a CPM Candidate and not a CPM Member. True or False? - ✔✔False
A letter of censure is _____ published - ✔✔Sometimes
A property manager uses confidential information about a client to gain a new client. This is an
example of a - ✔✔Conflict of interest
A real estate manager, he himself an IREM Member, was preparing a complaint against a CPM
Candidate who had worked for him several months ago. The basis of the complaint was that the
former employee had been making derogatory comments against his former employer. Which
article/s should be cited by the manager who is drafting the complaint? - ✔✔Article 9: Duty to Former
Clients and Former Firms or Employers
, A relationship that involves acting with utmost ethical integrity and typically involves the management
of funds is called a - ✔✔fiduciary relationship
A respondent has ____ days to provide a response to any ethical violation charges - ✔✔30
A study by the American Society of Executives found that ________ of associations fully enforce their
ethics codes - ✔✔1/3
A suspension for an ethics violation can last up to ____ - ✔✔3 yeara
An IREM Member and one of his clients had a written agreement. Several months after it was signed,
there is a dispute between the two parties and IREM is asked to arbitrate. Which of the following
statements is accurate? - ✔✔IREM does not get involved in contract disputes and would refuse to
arbitrate
An IREM Member found herself in a difficult financial position and needed $300 to get her through
this rough period. Knowing that the money would never be missed, she removed $300 from the petty
cash fund of a property she managed, intending to pay it back over time. Which articles of the Code
were violated in this case? - ✔✔Article 1: Loyalty to Client, Firm, and/or Employer,
Article 8: Managing the Assets of the Client
An IREM Member is responsible for purchasing all maintenance supplies for the office building he
manages. One supplier has offered him a rebate of two percent off the total order if he places the
order with him. If the Member personally keeps the rebate, which articles of the code does this
violate? - ✔✔Article 1: Loyalty to Client, Firm, and/or Employer
Article 7: Conflict of Interest
An IREM Member terminated one of his residential managers because the residential manager
refused to discriminate against a female applying for a maintenance staff position. The female who
applied was well-qualified for the job and had years of experience. If a complaint were to be filed,
which section of the IREM Code of Professional Ethics would be most appropriate to cite? -
✔✔Article 11
An IREM Member terminated one of his residential managers because the residential manager
refused to discriminate against a female applying for a maintenance staff position. The female who
applied was well-qualified for the job and had years of experience. What steps could the manager
have taken to avoid this situation? - ✔✔Provide, participate in and document annual Fair Housing
Training
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