Do’s & Dont’s of Agency

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Learn the in’s and out’s of agency disclosure in today’s market place.  Don’t make the mistakes that others have make sure that you’re representing your client to the fullest. Don’t overstep your agency relationship. This class you will learn All about agency.

Lessons

Legal Hotline Q & A Part 1-Do’s & Dont’s of Agency

🔊 Listen to Lesson NO REQUIREMENT FOR PROPERTY TO BE ON MLS TO ESTABLISH AGENCY FACTS: A seller approaches a real estate agent asking the agent to draft and negotiate a residential real estate…NO REQUIREMENT FOR PROPERTY TO BE ON MLS TO ESTABLISH AGENCY FACTS: A seller approaches a real estate agent asking the agent […]

Legal Hotline Q & A Part 2-Do’s & Dont’s of Agency

🔊 Listen to Lesson LICENSEE MUST DISCLOSE STATUS IN REAL ESTATE TRANSACTION FACTS:                  Jane, an agent licensed with ABC brokerage firm, lists her home for sale with XYZ brokerage firm. The XYZ agent did…LICENSEE MUST DISCLOSE STATUS IN REAL ESTATE TRANSACTION FACTS:                  Jane, an agent licensed with ABC brokerage firm, lists her home for sale […]

Legal Hotline Q & A Part 3-Do’s & Dont’s of Agency

🔊 Listen to Lesson CONSENT IS REQUIRED FOR DUAL AGENCY FACTS:                       Two separate agents, both licensed with the same brokerage firm, represent a buyer and seller in connection with the real estate transaction.  Both…CONSENT IS REQUIRED FOR DUAL AGENCY FACTS:                       Two separate agents, both licensed with the same brokerage firm, represent a buyer and seller […]

Legal Hotline Q & A Part 4-Do’s & Dont’s of Agency

🔊 Listen to Lesson BROKER NOT LIABLE IF AGENT ACTING ONLY AS PRINCIPAL ISSUE: An agent of the broker owned an apartment building. The agent did not list the apartment building through the broker…BROKER NOT LIABLE IF AGENT ACTING ONLY AS PRINCIPAL ISSUE: An agent of the broker owned an apartment building. The agent did […]

Legal Hotline Q & A Part 5-Do’s & Dont’s of Agency

🔊 Listen to Lesson AGENT SHOULD NOT REPRESENT BUYER IF THEY HOLD AN OWNERSHIP INTEREST IN THE PROPERTY FACTS: The owner of the property is also a real estate agent who heads a real…AGENT SHOULD NOT REPRESENT BUYER IF THEY HOLD AN OWNERSHIP INTEREST IN THE PROPERTY FACTS: The owner of the property is also […]

Legal Hotline Q & A Part 6-Do’s & Dont’s of Agency

🔊 Listen to Lesson A DUAL AGENT CANNOT SHARE PRICING INFORMATION FACTS: The broker represents the seller. An offer was submitted to the seller wherein the broker would become a dual agent (first offer).…A DUAL AGENT CANNOT SHARE PRICING INFORMATION FACTS: The broker represents the seller. An offer was submitted to the seller wherein the […]

AAR’S BUYER-BROKER-Do’s & Dont’s of Agency

🔊 Listen to Lesson By the early 1900s, the Arizona Courts recognized the agency relationship between the broker and the client in a real estate transaction. See, Jenkins v. Irvin, 20 Ariz. 164, 178…By the early 1900s, the Arizona Courts recognized the agency relationship between the broker and the client in a real estate transaction. […]

PROVIDING INFORMATION TO A CLIENT-

🔊 Listen to Lesson ADRE RULES AND POLICY STATEMENTS The Arizona Department of Real Estate (“ADRE”) has the authority to promulgate Administrative Rules, which are often referred to as “Commissioner’s Rules” and Substantive Policy…ADRE RULES AND POLICY STATEMENTS The Arizona Department of Real Estate (“ADRE”) has the authority to promulgate Administrative Rules, which are often […]

AGENCY DILEMMAS-Do’s & Dont’s of Agency

🔊 Listen to Lesson Most people are aware that a real estate broker or salesperson (“Broker”) is an agent with fiduciary duties to the party that the Broker represents. This agency relationship is most…Most people are aware that a real estate broker or salesperson (“Broker”) is an agent with fiduciary duties to the party that […]

LOMBARDO COURT-Do’s & Dont’s of Agency

🔊 Listen to Lesson LOMBARDO COURT OUTLINES DUTIES OF BUYERS AND THEIR BROKERS, DECLINES TO ADDRESS WHETHER A COMMISSIONER’S RULE VIOLATION CREATES A PRIVATE CAUSE OF ACTION Few courts have addressed the duties of…LOMBARDO COURT OUTLINES DUTIES OF BUYERS AND THEIR BROKERS, DECLINES TO ADDRESS WHETHER A COMMISSIONER’S RULE VIOLATION CREATES A PRIVATE CAUSE OF […]

PROCURING CAUSE & BUYER AGENCY-Do’s & Dont’s of Agency

🔊 Listen to Lesson The Scene: You meet Buyer Betty at a party and she tells you that she’s getting ready to write an offer on a house she saw last weekend. You ask her…The Scene: You meet Buyer Betty at a party and she tells you that she’s getting ready to write an offer on a […]

SHOPPING OFFERS-Do’s & Dont’s of Agency

🔊 Listen to Lesson Is a listing broker obligated to “shop” offers received from buyers, as part of the listing broker’s fiduciary duty to the seller? For example, if you are a listing broker…Is a listing broker obligated to “shop” offers received from buyers, as part of the listing broker’s fiduciary duty to the seller? […]

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