Law of Agency Course

Law of Agency

Law of Agency Course

Price: $88.00

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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.

About Your Texas Real Estate Course

Gain access to PDF eBooks to read on the go and take quizzes and exams online!

Course Features:

  • Convenient eBooks in Downloadable PDF Format
  • No Seat Time Requirement – You may complete courses in no less than three days (max 12 hours per day)
  • Quizzes and Final Exams Completed Online
  • 100% Required on All Assignments, except Final
  • Proctored Final Exam
  • Hardcopy Textbooks Available for an Additional Cost

Law of Agency

Through this course you’ll learn the obligations agents have to customers and the public. This is a 30-hour correspondence course with online quizzes and final that is required for acquiring a Texas real estate salesperson license.

Course Materials:

  • Texas Law of Agency, Tom Jensen
  • 12 required units: 30 Hours
  • Each unit includes: Overview, Objectives and Assignments with Textbook Reading, Supplemental Reading, Multiple-Choice Practice Quiz, Multiple-Choice Unit Exam
  • and Case Studies in Units 2, 8, 10 and 11
  • Online Final (covers 1-12): 60 multiple-choice questions; Proctored; 2-hour time limit

Course Description:

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.

Course Objective:

  • Identify the participants in a real estate agency and their scope of authority and recall the agent’s fiduciary duties
  • Recognize the ways that agency relationships are created and terminated
  • Recognize the duties and obligations that real estate agents owe to their principals and third parties and the duties principals owe to their agents
  • Characterize the types of brokerage relationships in Texas and recall how brokerage representation and agency relationships are disclosed
  • Clarify seller agency with its advantages and disadvantages, identify agreements that establish seller representation, and indicate disclosure issues
  • Clarify buyer agency with its advantages and disadvantages, identify agreements that establish buyer representation, and indicate disclosure issues
  • Recall the purpose of intermediary brokerage, the procedures for its creation, and its advantages and disadvantages
  • Recognize various real estate employment situations, the laws pertaining to them, and how commissions are shared based on the relationships established among brokers and their associates
  • Recall the codes, laws, and rules that Texas real estate license holders must know and follow.
  • Recall the purpose of DTPA and designate specific violations, statutory defenses, and statutory damages
  • Recall everyday best practices and strategies a real estate agent can employ to avoid, reduce, or transfer risk

Enroll now or talk with an Allied Representative today.
1-800-617-3513

TREC Approved Proprietary School ID # 990009260; QE Provider # 0595; MCE Provider #04850

Course code: 9-TX-AGENT-16
Syllabus

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