New York Agency Law

Overview

Who represents whom (agency) continues to confuse both consumers and agents alike. This course takes an in depth look at agency relationships, the nuts and bolts of it, and how the principles of agency law are applied under New York statutes.

Learning Objectives

Upon completion of this course, you will be able to:

  • differentiate between a client and a customer is in a real estate transaction
  • explain the fiduciary duties owed to a client
  • describe the basic ways that a fiduciary relationship may be terminated
  • list the ministerial and statutory duties owed a customer
  • explain the most popular types of agency agreements used in New York
  • explain how licensees create a dual agency relationship with an in-house sale
  • describe the limited responsibilities that an agent has in a disclosed dual agency relationship with designated agents
  • discuss the disclosures that must be made regarding agency relationships, including the timing of those disclosures

Designed For

New York licensees with less than to years of licensure. This course meets the state requirement for the licensee's first two year renewal.

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