Real Estate Council of Alberta Fundamentals Practice Exam

Which component distinguishes ethics from personal morals?

1. Ethics are defined by individuals

2. Ethics are universal standards of conduct

3. Ethics are always enforced by law

4. Ethics focus solely on personal beliefs

The correct answer is: Ethics are universal standards of conduct

The distinction between ethics and personal morals primarily hinges on the concept of universality. Ethics are considered to be universal standards of conduct that apply to a group or society as a whole, rather than being solely based on individual beliefs or subjective interpretations. This universality means that ethical standards are often codified in professional guidelines and societal norms, providing a framework within which individuals or professionals operate. In contrast, personal morals are shaped by individual experiences, cultural background, and personal beliefs, making them unique to each person. Therefore, what is considered ethical is generally accepted by a broader community, whereas personal morals might not have that same level of consensus or applicability beyond the individual's perspective. This understanding illustrates how ethics function as societal guidelines that are expected to be upheld by all members of a community, particularly within professional contexts such as real estate practice.