The agency relationships that real estate professionals establish with buyers, sellers, and property owners form the backbone of real estate practice. Nevada licensees have specific duties to clients, brokers, and the public, as well as to the Nevada Real Estate Division. How well a licensee represents clients and minimizes liability depends on the extent to which they understand and uphold the duties of agency.

This course covers critical agency concepts that Nevada real estate professionals must understand, including the relationship between agents and principals, agents' authority, fiduciary duties, unlawful trade practices, and creating and terminating brokerage agreements.

This course meets Nevada's three-hour agency course requirement.

Upon completion, students will be able to:

• explain the types of agency in Nevada
• describe the fiduciary duties agents owe to clients
• develop practices to prevent breaches of fiduciary duty
• describe the disclosure requirements that Nevada licensees must comply with
• explain how agency relationships may be created and terminated
• understand agents' ethical duties to clients, customers, and other real estate professionals