Law of Agency - No. 1111

Real Estate License Course Details

The practice of real estate is defined by the role the law of agency plays. It is incumbent, therefore, upon the real estate professional and licensee to have a working and practical knowledge of agency laws and how the consumer and professional will interact under those laws during the course of any given real estate transaction.

This course discusses the principal-agent and master-servant relationships, the authority of an agent, the termination of an agent's authority, the fiduciary and other duties of an agent, employment law, deceptive trade practices, listing or buying representation procedures, and the disclosure of agency. Upon completion of the course, students will understand the role agency relationships play in a real estate transaction and be able to properly apply law, rule and policy to their practice.

Table of Contents

  1. Origins of Agency
  2. Agent Authority
  3. Termination
  4. Duties of Principles, Agents
  5. Employment Law
  6. Agency and Disclosure Issues
  7. Obligations and Buying Process
  8. Anti-trust Laws
  9. Disagreements and Errors

Students can expect numerous exercises, quizzes, case studies and the course will be completed with a cumulative final exam. All elements presented in the course are required for course completion.