Interpretations of Various Articles of the REALTORS® Code of Ethics

question 32

Short Answer

Interpretations of various articles of the REALTORS® Code of Ethics is known as the ____________________ of Practice.

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Definitions:

Economic Duress

A situation where a party is induced to enter into a contract or agreement under unlawful pressure involving threats to their economic stability.

Amended Contract

A contract that has been modified or changed after its original execution, usually involving additional agreements or alterations to existing terms.

Breach

Violation of a law, duty, agreement, or trust.

Small Claims Court

A legal venue that handles minor civil disputes and claims typically involving small sums of money, offering a quicker and less complicated process than higher courts.