Describe the proper methods to establish an agency representation relationship and recognize which party an agent represents in a transaction.
As a real estate professional, you must understand the importance of the real estate agency representation relationship.
There is a clear and distinct difference between customer and client. You must be able to identify these differences as well as act upon them. More specifically, the real estate agency representation relationship that you develop with a client will strictly define these differences.
Furthermore, you must understand how the differences between customer and client dictate professional relationships. Specifically, you must know how to interact with your client versus your customer in a real estate transaction. There is a large difference in the way you must treat either party. Do you know the differences?
Whether you are a real estate veteran or a newcomer, you must know how to properly establish a real estate agency representation relationship. That is why RealEstateCE.com has a lesson that covers this exact topic. With this lesson under your belt, you will be able to recognize the difference between customer and client at ease.
Unfortunately, it is very easy for customers to think that they are clients. This situation could lead you to a lot of legal trouble. RealEstateCE.com can teach you how to avoid this situation.
Our real estate continuing education lesson begins with a discussion on customers thinking they are clients. This situation is, unfortunately, very easy to wind up in. As a real estate professional, you must understand how to keep yourself out of this situation in order to safeguard your career.
Perhaps you are discussing your client's property with a customer. Furthermore, perhaps you suggest to the customer that the client is eager to sell. Is that a breach of trust? Did you just imply to the customer that you have her best interest at heart?
This is a situation you may find yourself in. In order to safeguard your integrity and your career, you must be able to recognize a compromising situation and proceed with caution. Our continuing education lesson will give you the tools you need to develop this awareness.
Furthermore, our real estate continuing education lesson includes a discussion on different types of agencies.
The type of agency representation relationship that you engage in will help you better define your obligations. This lesson discusses seller agency and buyer representation. These are two common agencies that you will encounter. This discussion will prepare you for real-world applications of these agencies.
More specifically, imagine that you enter into a seller agency with a client. Then imagine that you find an interested customer. This interested customer comes to your firm and wants representation. What steps must you take in order to ensure that you do not violate your existing seller agency? This very scenario is discussed in this lesson.
Furthermore, this lesson also discusses in detail exclusive buyer agency agreement and non-exclusive buyer agency representation agreement. This discussion will teach you about when you need to refer to your jurisdiction. The specifics of these agencies are complex but must be followed liberally.
Finally, our real estate continuing education lesson includes several case studies to help you apply your education to real-world scenarios.
Understanding how to properly establish a real estate agency representation relationship is no walk in the park. However, RealEstateCE.com can simplify this topic.
Take RealEstateCE.com's lesson, Describe the proper methods to establish an agency representation relationship and recognize which party an agent represents in a transaction, today!