This document discusses ethics and law as they relate to business, specifically real estate. It outlines the Canons of Professional Ethics and Conduct for real estate licensees, including the five canons and enforcing the canons. It also discusses professional codes of conduct from the National Association of Realtors and handling complaints of ethics violations. Finally, it outlines antitrust and unfair competition laws, prohibited actions under federal and state antitrust laws, federal antitrust laws, Texas antitrust law, and the Texas Real Estate Fraud Act.

2. Ethics vs. Law

3. Business Ethics
 TREC Canons of Professional Ethics and Conduct for
Licensees
› The Five Canons
› Enforcing the Canons
 Professional Codes of Conduct
› National Association of Realtors
› Complaints of Ethics Violations

4. Unfair Business Practices
 Antitrust and Unfair Competition Laws
› Actions Prohibited by Federal & State Antitrust Laws
› Federal Antitrust Laws
› Texas Antitrust Law
 Texas Real Estate Fraud Act