Explain the obligations a salesperson has to their client vs. customer; and distinguish which party you represent in a transaction.  image

Explain the obligations a salesperson has to their client vs. customer; and distinguish which party you represent in a transaction.

It is crucial that you understand your real estate professional obligations concerning agency representation.

As a real estate professional, your list of responsibilities goes on for what seems like miles. Many of these obligations are not suggestions, rather they are legal obligations. One of these many obligations includes that of your agency representation. Specifically, your disclosure of your agency status.

As a real estate professional, you must know front and back what you're agency disclosure obligations are. If you do not understand this law, you can get into serious trouble. Therefore, to put your mind at rest, you need to educate yourself on this topic.

That is why RealEstateCE.com offers a lesson on real estate professional obligation concerning agency representation.

Our real estate continuing education lesson focuses primarily on the common law of agency. Within and surrounding this common law of agency may also be:

  • Statute
  • Law
  • Regulation
  • Rule

It is crucial that you understand under which jurisdiction you are operating. Identifying this jurisdiction will help you define what your real estate professional obligations concerning agency representation are. Therefore, being able to find these laws, statutes, regulations, and rules are crucial to you understanding your responsibilities.

Our real estate continuing education lesson includes an in-depth discussion on how to identify these laws. This lesson goes even deeper as it explains how you can best follow the obligations in your jurisdiction.

This continuing education lesson will help you identify which common law of agency applies to your jurisdiction. Once you do this, you can define how you want to operate within the parameters of that jurisdiction.

This real estate continuing education lesson includes an in-depth discussion on defining your own operating parameters. While you may have strict obligations as a real estate professional, you can still pick and choose how you want to perform under those obligations.

More specifically, perhaps there is another real estate professional who wants to work with you on a listing. You can choose how you want to work with, or not work with, this agent - as long as you operate under your obligation parameters.

Our real estate continuing education lesson gives a brief look into the decisions that you can make to offer you more flexibility and choices.

Today, many real estate firms actively deny sub-agency. These types of policies developed in response to the common law of agency.

Understanding why your real estate firm has this policy will give it a deeper meaning. That is why our real estate continuing education lesson has a detailed discussion on this anti-sub-agency policy. With this lesson under your belt, you will have the information you need to better understand this policy.

Furthermore, "dual agency" is possibly one of the most confusing and misunderstood concepts in the real estate industry. Dual agency is a delicate subject that must be disclosed at the right time. If you wait too long, you may be in a lot of trouble.

That is why our real estate continuing education lesson includes a detailed discussion about dual agency and how it relates to your real estate professional obligations concerning agency representation. Furthermore, this lesson includes a case study that will help you apply this information to a real world scenario.

You have the drive and motivation to be a real estate professional. However, sometimes the nitty gritty of that career can trip you up. But it does not have to be that way! RealEstateCE.com can ensure that you get the education you need.

Take RealEstateCE.com's lesson, Explain the obligations a salesperson has to their client vs. customer; and distinguish which party you represent in a transaction, today!