According to the Canons of Professional Ethics and Conduct, what must every real estate broker display in their places of business?

The correct answer highlights the requirement for every real estate broker to display the Consumer Protection Notice 1-3 in their places of business. This notice serves an essential purpose in providing transparency and informing consumers of their rights and protections available in real estate transactions. It reflects the broker's commitment to ethical practices, ensuring that clients are aware of the significance of their choices and the regulations governing real estate transactions in Texas. Displaying this notice is part of the efforts to promote professional ethics and consumer awareness within the real estate industry.

In contrast, while a real estate license is a legal requirement for brokers to operate, it is not specifically mandated to be publicly displayed in the way the Consumer Protection Notice is. The Code of Ethics, though significant in guiding broker behavior, does not have a display requirement for public viewing. Lastly, service agreements are private contracts between the broker and the client, and there’s no requirement to display those in public areas. Therefore, the focus on the Consumer Protection Notice is vital in promoting an informed consumer base and adhering to ethical conduct in the industry.