The Canons of Professional Ethics and Conduct require the agent to practice
The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise. Show
Source Note: The provisions of this §531.1 adopted to be effective May 25, 2022, 47 TexReg 3049 Engineering is an important and learned profession. As members of this profession, engineers are expected to exhibit the highest standards of honesty and integrity. Engineering has a direct and vital impact on the quality of life for all people. Accordingly, the services provided by engineers require honesty, impartiality, fairness, and equity, and must be dedicated to the protection of the public health, safety, and welfare. Engineers must perform under a standard of professional behavior that requires adherence to the highest principles of ethical conduct.I. Fundamental Canons
II. Rules of Practice
III. Professional Obligations
As Revised July 2019 By order of the United States District Court for the District of Columbia, former Section 11(c) of the NSPE Code of Ethics prohibiting competitive bidding, and all policy statements, opinions, rulings or other guidelines interpreting its scope, have been rescinded as unlawfully interfering with the legal right of engineers, protected under the antitrust laws, to provide price information to prospective clients; accordingly, nothing contained in the NSPE Code of Ethics, policy statements, opinions, rulings or other guidelines prohibits the submission of price quotations or competitive bids for engineering services at any time or in any amount. Statement by NSPE Executive Committee In order to correct misunderstandings which have been indicated in some instances since the issuance of the Supreme Court decision and the entry of the Final Judgment, it is noted that in its decision of April 25, 1978, the Supreme Court of the United States declared: "The Sherman Act does not require competitive bidding."
NOTE: In regard to the question of application of the Code to corporations vis-à-vis real persons, business form or type should not negate nor influence conformance of individuals to the Code. The Code deals with professional services, which services must be performed by real persons. Real persons in turn establish and implement policies within business structures. The Code is clearly written to apply to the Engineer, and it is incumbent on members of NSPE to endeavor to live up to its provisions. This applies to all pertinent sections of the Code. How many canons of professional ethics and conduct are included in the Texas Administrative Code?Texas has five canons located in Title 22 of the Texas Adminis- tration Code, (TAC) Chapter 531. Each is appropriately named and, as of February 23, 1998, gender neutral. According to the canon entitled Fidelity, a licensee owes a client fiduciary responsibility while acting as an agent.
Under what Texas real estate Commission Canon must an agent be faithful and observant to the trust placed in them?The canon of fidelity requires that a real estate broker or sales agent, while acting as an agent for another, be faithful and observant to trust placed in the agent and be scrupulous and meticulous in performing the agent's function.
Which of the following is a Texas real estate Commission canon of professional ethics and conduct?The Real Estate License Act states the rules and regulations that apply to the licensee. with their broker. The three Canons of Professional Ethics and Conduct are integrity, fidelity and competency.
What is a real estate broker in America?A real estate broker is a licensed real estate professional in their own right in addition to being a licensed real estate agent. A real estate broker holds expertise that can help people with real estate transactions, and like an agent, a broker can also assist with selling or buying real property.
|