It is the obligation of a license holder to be knowledgeable
and competent as a real estate brokerage practitioner. The license
holder must:
(1) be informed on local market issues and conditions
affecting real estate in the geographic area where a license holder
provides services to a client;
(2) be informed on national, state, and local issues
and developments in the real estate industry;
(3) exercise judgment and skill in the performance
of brokerage activities; and
(4) be educated in the characteristics involved in
the specific type of real estate being brokered for others.
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