Who Represents Whom? Agency Uncloaked (ME)

Overview

In the world of real estate, agency determines who a licensee represents as well as which parties are owed fiduciary duties. Understanding the legal issues around agency, the duties owed to clients and customers, and agents' disclosure obligations are critically important to stay in compliance with Maine law. This course explores how agency relationships work in Maine, examining who represents whom and the laws of that representation. 

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Learning Objectives

  • Explain the concept of agency, types of agents, and power of attorney
  • Describe agents' fiduciary duties as well as the consequences for breaching such duties
  • Demonstrate understanding of agency principles, conflict of interest, and vicarious liability
  • Evaluate dual agency scenarios for risks and pitfalls, including incomplete disclosure and self-dealing
  • Discuss agency relationship creation and termination
  • Explain the components of listing agreements and buyer-broker agreements
  • Describe property disclosure obligations for sellers and listing agents


Designed For:

Real estate professionals at all levels in their careers




Course Information

Adding additional credit may change exam requirements.