1. © 2011 Cengage Learning

2. Ethics, Fair Housing, and RESPA Ethics, Fair Housing, and RESPA Chapter 3 © 2011 Cengage Learning

3. RATIONALE FOR CHAPTER The real estate brokerage profession is about ethical, fair, and proper representation of others. This chapter shows how to use the golden rule as the basis.

4. © 2011 Cengage Learning RATIONALE FOR CHAPTER This chapter also describes the rules and regulations found in the Real Estate Settlement and Procedures Act.

5. © 2011 Cengage Learning RATIONALE FOR CHAPTER Knowledge of RESPA rules and regulations is key to not violate federal and state statutes that could result in sanctions and loss of your real estate license.

6. © 2011 Cengage Learning CHAPTER THREE OUTLINE 3.1. WHAT IS ETHICS 3.2 CODES OF ETHICS 3.3 FAIR HOUSING AND ANTIDISCRIMINATION LEGISLATION 3.4 THE CALIFORNIA BUSINESS AND PROFESSIONS CODE 3.5 THE COMMISSIONER’S RULES AND REGULATIONS 3.6 SEXUAL HARASSMENT 3.7 RESPA 3.8 CASE STUDIES

7. © 2011 Cengage Learning WHAT DOES ETHICS MEAN Origin of the word “ethics.” Benefits of ethical conduct. Relationship between ethics and the law.

8. © 2011 Cengage Learning CODES OF ETHICS REALTOR® Code of Ethics history. How did the term Realtist come into being and who adopted it. California Code of Ethics. Refer to page 55 for an in depth understanding of Ethics.

9. © 2011 Cengage Learning FAIR HOUSING & ANTIDISCRIMINATION LEGISLATION Why is antidiscrimination legislation needed & what is the real estate agent’s role?

10. © 2011 Cengage Learning FAIR HOUSING & ANTIDISCRIMINATION LEGISLATION Define and discuss: Steering Redlining Blockbusting

11. © 2011 Cengage Learning FAIR HOUSING & ANTIDISCRIMINATION LEGISLATION Limitations on advertising.

12. © 2011 Cengage Learning FAIR HOUSING & ANTIDISCRIMINATION LEGISLATION Discuss accommodations for a handicapped person in residential housing & the obligations and limitations of the tenant and landlord.

13. © 2011 Cengage Learning FAIR HOUSING & ANTIDISCRIMINATION LEGISLATION Americans with Disabilities Act.

14. © 2011 Cengage Learning FAIR HOUSING & ANTIDISCRIMINATION LEGISLATION NAR & HUD programs on “At Home with Diversity.”

15. © 2011 Cengage Learning THE CALIFORNIA BUSINESS AND PROFESSIONS CODE Discuss the disciplinary provisions stated in the various code sections & emphasize agent compliance. Section 2780 of the California Code of Regulations. examples of violations

16. © 2011 Cengage Learning THE COMMISSIONER’S RULES AND REGULATIONS THE COMMISSIONER’S RULES AND REGULATIONS Article 10 of the Commissioner’s Rules and Regulations (page 74) What “color-blind” means to a licensee

17. © 2011 Cengage Learning SEXUAL HARASSMENT SEXUAL HARASSMENT Definition & the consequences of improper behavior. Reference the golden rule as a guideline for proper conduct.

18. © 2011 Cengage Learning REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) Describe the abuses that took place in the 1960s and early 1970s that led to the RESPA act (page 75).

19. © 2011 Cengage Learning REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) Who is covered by RESPA? Who is not covered?

20. © 2011 Cengage Learning REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) RESPA prohibitions.

21. © 2011 Cengage Learning REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) Affiliated business arrangements. Proper disclosures and conduct that must be practiced.

22. © 2011 Cengage Learning REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) Examples of permissible activities under RESPA. Examples of Prohibited Activities.

23. Review Case Studies Review Case Studies See examples page 80