NJ License Renewal Online-NJ Real Estate Commission Approve
NEW JERSEY School Organization ID: P1000137License Renewal Requirements
3.0 hours Agency Exposed Course Syllabus
3.0 Core Hours
Real estate professionals owe allegiance to their client; their fiduciary duties for a client include loyalty, obedience, full disclosure, the use of skill, care and diligence. A real estate professional must avoid being negligent in the performance of their duties. To avoid claims of negligence, NJ real estate professionals must understand the obligations of an agent to a principal and identify actions that could constitute a breach of fiduciary duties and the consequences of such breach.
Negligence by an agent constitutes a failure to fulfill the fiduciary duties to the client. To avoid claims of negligence, an agent must fulfill those fiduciary duties to the extent their client can reasonably expect.
We have all heard of the golden rule, it is the principle of treating others as one would wish to be treated. If a real estate professional has information that could affect the sale or purchase of property, the agent is bound to disclose that information. Nondisclosure of such information could cause a breach.
Proper disclosures are a critical element of practicing real estate. This course covers the various types of agency representations, disclosures, and the most commonly made mistakes. It is a must have for any real estate professional.