Question

Under RECAD, a licensee owes his/her client the duties of _____.

1) honesty, integrity, fairness, disclosure of material facts
2) loyalty, obedience, informing the client, and CASH WoW
3) CASH WoW
4) LOW PAIN

Answer 1

Under RECAD, a licensee owes duties of honesty, integrity, fairness, and disclosure of material facts to the client, as well as loyalty and obedience. These requirements are similar to the ethical principles of moral conduct outlined by philosopher W.D. Ross.

Step-by-step explanation:

Under RECAD (Real Estate Consumer Agency and Disclosure Act), a licensee owes his/her client the following duties: honesty, integrity, fairness, disclosure of material facts, loyalty, obedience, and informing the client. These duties align closely with ethical principles described by philosopher W.D. Ross, which emphasize a set of prima facie duties crucial to moral conduct. Ross identified five main moral commitments, including a duty of fidelity or truthfulness, a duty of reparation or remedying wrongs, a duty of gratitude or reciprocation of benefits received, a duty to promote the overall good, and a duty of non-maleficence or refraining from harming others.