The objective of REIC 2600: Ethics and Business Practice is to aid the real estate practitioner to develop and refine their decision-making skills from an ethical standpoint. Using factual and hypothetical case studies, group discussions, workshops, and videos, participants will study various real estate ethical codes and will acquire the tools and strategies to maintain strict ethical standards. Credit is awarded for this three day Core Course upon successful completion of a take-home assignment.

The Importance of Ethical Business Practice

What are ethics?
Why are ethics so important?
Sources of ethical values
The concept of moral reasoning
Business ethics
The ethics check

Ethical Values

Fundamental ethical values
Five core values based on the word "TRUST"
REIC Code of Professional Standards

Developing Ethical Values

Development of ethical values
The three imperatives for human conduct
Intervention scenario
The ethics puzzle
Maslow's hierarchy of needs

Ethical Decision Making

Steps to ethical decision-making - an organized approach
Discussion on codes
Ethics pyramid

Ethics versus Ethical Behaviour

A definition of success

Ethical Problems

Why do ethical problems arise?
Grey areas in ethics

Ethics In Real Estate: The Codes

Survey of the Codes: REIC, IREM, CREA, AIC

Ethics In Real Estate: Articles

Case studies: discussion, resolution, decision

Required Text: Business Ethics Annual Edition, included in the course tuition and will be supplied on the first day of the course.

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