Agency

Overview

This course is designed to enhance the knowledge of the California real estate brokerage community regarding the duties and obligations owed by brokers and their salespersons and broker associates to real estate buyers and sellers. It explores how agency relationships are created and terminated, agents' fiduciary duties, and the potential liabilities that may arise during such relationships. The course also examines the different types of listing agreements, required disclosures, dual agency, and agreements between brokers.

Real estate professionals who are well informed in the laws of agency will ensure that their clients have correct and reasonable expectations regarding the duties and responsibilities of the agent.

Agency - General Information Page

Learning Objectives

Upon completion, students will be able to:

  • understand how an agency is created and may be terminated
  • describe the elements of an agency agreement
  • list the fiduciary duties owed to a principal
  • explain the rules that apply to dual agency
  • understand when compensation may be paid as a result of a real estate transaction

Designed For

California salespersons and real estate brokers
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