This course, required by the Utah Real Estate Commission, provides a detailed overview of agency relationships and licensees' fiduciary duties when representing clients. It explores the various conditions and contingencies that can be added to contracts to protect clients' best interests and the disclosure obligations of sellers. Licensees will also learn about important issues affecting the real estate industry relating to lead-based paint disclosures, advertising requirements, recordkeeping requirements, unlicensed assistants, and fraud prevention.

This course satisfies Utah's three-hour mandatory residential core course requirement.

Upon completion, students will be able to:

• describe how an agency relationship is formed and licensees' fiduciary duties to clients
• recognize licensees' obligations when acting as a limited agent
• understand a brokerage's responsibilities when handling earnest money
• describe conditions of purchase, including due diligence, appraisal, and financing
• explain recent legislative updates and rule changes that affect Utah licensees
• describe seller's disclosure obligations and what is considered material information
• identify current industry issues relating to fraud prevention, recordkeeping, unlicensed assistants, broker licensing, and the prohibition on residential property service agreements