3 Credit HoursReal Estate Law
Agency Law & Fiduciary Duties
Mandatory in most states. Covers the law of agency as applied to real estate: types of agency relationships, fiduciary duties (loyalty, obedience, disclosure, confidentiality, accounting, reasonable care), dual agency, designated agency, and the consequences of agency violations.
Topics Covered
- Law of agency fundamentals
- Types of agency: seller, buyer, dual, designated, transaction broker
- Fiduciary duties: OLD CAR (obedience, loyalty, disclosure, confidentiality, accounting, reasonable care)
- Agency disclosure requirements by state
- Dual agency risks and informed consent
- Vicarious liability and respondeat superior
- Termination of agency relationships
- Case studies in agency violations and license discipline
Exam Requirements
Review Questions
9
Throughout the course material
Final Exam Questions
15
Multiple choice, 4 options each
Passing Score
70%
Minimum requirement
Time Limit
1 Year
Self-paced from enrollment
Certificate of Completion
Upon passing the final exam, you will receive a certificate including all required fields:
- Provider name
- Program name
- Program number (upon approval)
- Program dates
- Credit hours awarded
- Instructor signature
- Your name
- Unique certificate number