Explain basic agency and types of agency.
As a real estate professional, you have many duties and responsibilities. Among those is the duty you have to your clients. This is referred to as real estate agency laws, and it is taken very seriously in most states.
Agency laws define the rights of the public when dealing with licensees. These laws are responsible for defining the relationship between the licensee and the principal. If you master these agency laws, you can severely decrease the possibility for misunderstanding and, thus, your risk of litigation.
Education on this topic is the best way to safeguard yourself. After all, they always say: A good defense is the best offense. That is why RealEstateCE.com offers a lesson on agency laws. With this real estate continuing education lesson under your belt you will have a firm understanding of these laws.
In order to understand the agency laws, you first must have a sturdy foundation on what each term means.
At the base of every good education is a healthy understanding of vocabulary. Specifically, in order to understand these agency laws, you must understand the words that define its meaning. Our real estate continuing education lesson on agency laws includes a comprehensive list of this terminology. The list is straightforward and sets sturdy groundwork for the material on agency laws.
Furthermore, you also need to understand how the relationship between a real estate professional and the clients can form. Included in our real estate continuing education lesson on agency laws, there are case studies that will help you better contextualize how these relationships can form. Learning through example is one of the best and most influential ways to learn.
Our real estate continuing education lesson also includes a comprehensive list of the importance and the duties you will have in an agency relationship.
The importance of understanding your responsibilities in these situations cannot be stressed enough. This comprehensive list will cover many of the most crucial bases. Once you complete this real estate continuing education lesson, you will have a firm understanding of you legs duties in your agency relationship with your clients.
Once you have a sturdy foundation of terminology, you are ready to better understand the types of agencies that are involved in the agency laws.
There are several different types of agencies. It is in your best interest to understand them all. After all, you never know which agency you may find yourself in! Furthermore, there is also three degrees of agency available. Understanding these will help you better define your degree in the agency you and your clients define.
Our real estate continuing education lesson on agency laws includes a discussion of several different agencies that can arise. Understanding the inner workings of these different types of agency can help you learn to adapt in any given situation. It is crucial that you now how to be versatile and work from many different angles.
The state defines real estate agency laws. In order to reduce your risk for misunderstanding and litigation, it is in your best interest to understand them. You can count on RealEstateCE.com to help educate you on agency laws.
Take RealEstateCE.com's lesson, Explain Basic Agency and Types of Agency, today!