Agency Law-Protecting Your Clients

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Course Description: Agency Law – Protecting Your Clients

3 Hours Agency Law

Overview

“Agency Law – Protecting Your Clients” is a crucial 3-hour course designed for real estate brokers and salespersons aiming to deepen their understanding of agency law. This course provides a thorough overview of agency law, including its history, the different types of agency relationships, and how these relationships are governed by law. Participants will learn the importance of agency law in real estate transactions, how to establish and terminate agency relationships, and the legal and ethical obligations that come with representing clients in the real estate market.

Objectives

To understand the fundamental principles of agency law and its application in real estate.
To identify the various types of agency relationships and the benefits and limitations of each.
To learn the legal requirements and ethical duties of real estate agents towards their clients.
To understand how agency relationships are established, managed, and terminated.

Course Structure

Introduction to Agency Law: Definitions, history, and the five characteristics of enforceable contracts.
Agency Relationships and Representation: Exploration of how agency relationships are created, including express and implied agreements.
Types of Agency Relationships: Detailed look at universal, general, and special agency relationships, and the authority and liability associated with each.
Dual Agency and Regulation: Examination of dual agency, unintentional dual agency, and the regulations governing agency relationships.
Termination of Agency: Methods for terminating agency relationships, including mutual consent and operation of law.

Interactive Learning Components

True/False Section Reviews: To reinforce learning and assess comprehension.
Legal Hotline Q&A Sessions: Offering practical insights into common questions and dilemmas faced in agency law.
Comprehensive Exams: Testing knowledge and application of agency law principles.

Who Should Attend

This course is ideal for real estate professionals who wish to enhance their understanding of agency law to better serve and protect their clients. It is also beneficial for those looking to refresh their knowledge of legal and ethical responsibilities in real estate transactions.

Learning Outcomes

Upon completing this course, participants will:

Have a thorough understanding of agency law and its significance in real estate.
Be equipped to establish and manage agency relationships in compliance with legal and ethical standards.
Understand the procedures for terminating agency relationships responsibly and legally.

Conclusion

“Agency Law – Protecting Your Clients” equips real estate professionals with the knowledge necessary to navigate the complexities of agency relationships in the real estate market. By understanding the legal and ethical obligations of agency law, participants will be better prepared to protect their client’s interests and ensure the integrity of real estate transactions.