Overview
Licensed real estate professionals know that agency is fundamental to their everyday practice. It is both a simple and a complex concept: simple because the definition of an agent is straightforward yet complex because agency involves a number of obligations, responsibilities, and legal implications. This course explores how agency relationships work in Georgia, examining who represents whom and the laws of that representation.
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License or Certification
Regulator
Type
Learning Objectives
- Describe the difference between a client and a customer and why agency is important to the real estate industry
- Describe the duties that agents owe to clients and customers in a real estate transaction
- Identify how to create an agency relationship
- Identify the different types of listing agreements and how they are used in practice
- Describe common elements of a buyer-broker agreement and the different types of agreements available
- Explain how dual agency, designated agency, and nonagency relationships work
- Differentiate between the operating models that a brokerage can use
Designed For:
Course Information
Adding additional credit may change exam requirements.
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S1-31 - Framework