This course will provide real estate licensees with knowledge of Agency relationships and duties in Minnesota. Information will also be shared on RESPA, marketing services agreements and the new loan estimate form. Common Interest Ownership properties statutes will be covered, highlighting different types of properties, disclosure obligations, and rights. Additionally, fair housing laws and first time homeowners resources will be covered. (This class meets the Agency and Fair Housing Minnesota CE requirements. This Module Also Satisfies the 1-Hour Broker Module Requirement.)

Upon completion of this course, a student will be able to:

• identify agency relationship options
• describe the fiduciary duties owed to clients and customers as required in Minnesota
• generalize new RESPA rules and how RESPA applies to marketing services agreements
• articulate the requirements under the new RESPA-TILA Integrated Disclosure form
• demonstrate an understanding of the Uniform Condominium Act and the Minnesota Common Interest Ownership Act, the different types of properties covered, disclosure obligations and other consumer rights including the right of cancellation
• outline the Fair Housing Laws, their history and protected classes both federal and state
• relate prohibited actions under fair housing laws
• recognize available resources for working with first time buyers and struggling homeowners