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
- Differentiate between a client and a customer is in a real estate transaction
- 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 real estate licensees with less than two years of licensure
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