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Agency New

Course Description

Course Description.

The undertaking of real estate transactions is a complex endeavor. Expertise is needed by buyers and sellers of real property in order to assure that profits are maximized while losses are minimized, both of these ends being realized in legal and ethical ways. To gain this expertise, it is common, if not necessary, for buyers and sellers to enter into relationships with those who have expertise in real property issues-namely, you.

A variety of relationships exist in real estate transactions and they are designed to serve the different means and degrees to which buyers and sellers are represented. These distinct relationship categories are borne of agency law.

Course Learning Objectives

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Upon completion of this module, you will be able to.

  • Explain how agency is created and the various agency relationships that exist.
  • Understand the relationship between real estate brokers and their affiliated licensees regarding agency.
  • Discern the differences between the real estate licensees fiduciary duties to clients and their six general duties to customers.
  • Recognize disclosure requirements of a licensee acting as a principal.
  • Explain how “offer of cooperation and compensation” solves agency issues when multiple listing associations are involved.
  • Describe how “vicarious liability” and “imputed knowledge” can be applied to agency relationships.
  • List the services a licensee may provide to a party without causing an agency relationship to be formed.
  • Explain why “agreement to pay compensation” will not necessarily create an agency relationship.
  • Engage in ethical behavior with sellers and buyers.

State Requirements

Our real estate CE courses meet the requirements of the Indiana Professional Licensing Agency (PLA). Take your Indiana real estate continuing education now. Salespersons must complete their CE requirements within the renewal cycle—July 1 of the even year until June 30 of the next even year. Brokers must also complete their CE requirements within the renewal cycle—July 1 of the odd year until June 30 of the next odd year.

PRICE:

$28

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