Final answer:
The Canons of Professional Ethics and Conduct outline the rules and guidelines for professionals, including those in the field of law. A license holder in real estate is required to have a sponsoring broker to oversee their conduct and adherence to ethical standards. Discrimination, receiving a commission, and annual license renewal are not specific requirements of the Canons.
Step-by-step explanation:
The subject of this question is Law. The Canons of Professional Ethics and Conduct is a set of rules and guidelines that govern the behavior and ethical standards of professionals in various fields, including the field of law. In this case, the question is specifically referring to the requirements for a license holder in the context of real estate.
The correct answer is C. Have a sponsoring broker. This means that a license holder in real estate is required to have a sponsoring broker who is responsible for overseeing their professional conduct and ensuring they adhere to the ethical standards outlined in the Canons of Professional Ethics and Conduct.
The other options listed in the question are incorrect:
- A. Not discriminate: While this is an important ethical principle, it is not a specific requirement stated in the Canons of Professional Ethics and Conduct for license holders in real estate.
- B. Always receive a commission: The Canons of Professional Ethics and Conduct do not guarantee that a license holder will always receive a commission. Commission is typically earned based on successful real estate transactions.
- D. Renew their license every year: While license renewal is a requirement for real estate license holders, it is not specifically stated in the Canons of Professional Ethics and Conduct.