Explain why proper agency disclosures are a critical element of practicing real estate and identify the parties to whom the salesperson must disclose their agency representation.
Proper real estate agency disclosure was not always used in the real estate industry. This lack of disclosure leads to a lot of unnecessary confusion.
This era of nondisclosure, however, is long over. Nowadays, real estate professionals are required to disclose their agency representation relationships. Without the proper disclosure, real estate professionals can get into legal trouble.
Therefore, engaging in proper disclosure will not only safeguard your integrity but also your career. You never want there to be a miscommunication between you and your clients. Therefore, you want to ensure that you and your clients are on the same page. The first step towards achieving this is proper real estate agency disclosure.
RealEstateCE.com offers a lesson about proper real estate agency disclosure. With this lesson under your belt, you will understand not only how to properly disclose agency relationships, but also why it is such a necessity.
This lesson begins with a history lesson. Specifically, one which teaches you why you proper disclosure is such a necessity in the real estate industry. Understanding this history will give you a deeper understanding of proper disclosure.
Furthermore, this history lesson includes a discussion about how agency relationships used to work. The dynamic of the agencies of the past lead to lots of miscommunication and confusion. Most of which was unintentional, just poor planning.
Furthermore, this lesson continues to discuss how the concept of sub-agency caused much of the confusion.
This sub-agency misunderstanding played a crucial role in why proper real estate agency disclosure is so crucial. More specifically, this discussion will shed more light on the history of proper disclosure.
Our continuing education lesson includes a discussion on agency relationships and exactly what proper disclosure looks like. As a real estate professional, it is incredibly important that you are able to properly disclose your agency relationship to your clients. This part of the lesson will ensure that you fully understand proper disclosure.
Finally, our real estate continuing education lesson includes reviews of several different court cases involving improper disclosure.
Throughout this continuing education lesson, there are the reviews and analyses of court cases. This part of the lesson will allow you to take the information that you learn and apply it to real-world scenarios.
More specifically, this continuing education lesson discusses these following court cases:
- Eck vs. Kansas Real Estate Commission
- Zuazua v. Tibbles
- McCully, Inc. v. Baccaro Ranch
These court cases are accompanied by detailed reviews and analyses. Once you complete this part of the lesson, you will better understand proper disclosure and how to avoid falling into legal trouble.
RealEstateCE.com ensures that you get the education you need! This lesson on proper real estate agency disclosure will ensure that you learn the history and why it is a necessity.
With this real estate continuing education lesson under your belt you will be ready to take on proper disclosure the right way!
Take RealEstateCE.com's lesson, Explain why proper agency disclosures are a critical element of practicing real estate and identify the parties to whom the salesperson must disclose their agency representation, today!