Realtor\'s Use of Client\'s Confidential Information
Under Standard of Practice 1-9 of the Code of Ethics, when can a Realtor use a client's confidential information?
OA) When a lender requests the information.
OB) When it will help the Realtor sell a property.
OC) After the representation agreement is terminated.
OD) If it is necessary to defend a Realtor against an accusation of wrongful conduct.
Final Answer:
Under Standard of Practice 1-9 of the Code of Ethics, a Realtor can use a client's confidential information only if it is necessary to defend a Realtor against an accusation of wrongful conduct.
Explanation:
Under Standard of Practice 1-9 of the Code of Ethics, a Realtor can use a client's confidential information only if it is necessary to defend a Realtor against an accusation of wrongful conduct. The Code of Ethics sets forth guidelines for ethical behavior in the real estate profession and one of the key principles is to maintain client confidentiality. Realtors have a duty to protect their clients' information and can only disclose it in certain circumstances, such as when it is essential for their defense against an accusation of wrongful conduct.
Realtors must always prioritize the protection of their clients' confidential information and use it solely for legitimate purposes outlined in the Code of Ethics. It is important to uphold the trust and confidentiality that clients place in their Realtors and ensure that the information is not misused or disclosed without proper justification.