Under the Canons of Professional Ethics and Conduct adopted by TREC, which of the following actions would VIOLATE a license holder's ethical obligations?
Correct Answer
B) Representing to a prospective client that the license holder has specialized expertise in a property type without holding the relevant designation or training
TREC Rule §531.2 (Competency) requires license holders to perform only services they are competent to provide and prohibits misrepresenting their qualifications or expertise. Claiming specialized expertise without the requisite knowledge or credentials constitutes a false representation that violates the Canon of Competency and could also implicate the Canon of Integrity under §531.1, which prohibits dishonest or deceptive conduct.
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Broker Thompson believes that a newly proposed TREC rule regarding advertising requirements is too restrictive. Under the Texas Administrative Procedure Act, what right does Broker Thompson have before the rule takes effect?
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Under the Canons of Professional Ethics and Conduct adopted by TREC, a license holder who knowingly withholds information from a client that is material to the transaction is in violation of which Canon?