Learn the different types of agency relationships that are formed between real estate brokers and the clients—sellers, buyers, owners, and tenants. This course clarifies the duties that agents owe their clients and the obligations that agents have to customers and the public. New correspondence version with convenient downloadable PDFs. TREC approved.
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This correspondence course describes the types of agency relationships that are formed between real estate brokers and the clients—sellers, buyers, owners, and tenants. It clarifies the duties that agents owe their clients and the obligations that agents have to customers and the public. The ways that agency relationships may be created and terminated are discussed. In addition to the agent-client relationship created with sellers and buyers, a general agency relationship is created between brokers and their sales associates.
Typically, sales associates act as independent contractors for their sponsoring real estate brokers under written agreements. Agency law is based on ethical and moral concepts, so these are compared and contrasted, because an agent may actually be acting within the law but still not be acting ethically. Because agency relationships are such an integral part of real estate brokerage, they are often the basis for misunderstandings that lead to reprimands, fines, and/or loss of license. To avoid disciplinary action, license holders must follow agency law.
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TREC Approved Proprietary School ID # 990009260; QE Provider # 0595; MCE Provider #04850
Course code: 9-TX-AGENT-16