Description
Agency, Anti-Trust and you Syllabus
LEARNING OBJECTIVES
SECTION 1
Learning Objectives and key terms
SECTION 2
Ethical use of Agency and Agency Agreements
Myths vs. facts
Types of agencies
Agency Relationships
Creating Agency
SECTION 3
Ethical responsibilities of the Agent
Undivided loyalty
Confidentiality
Full Disclosure
Obedience
Duty to Account
SECTION 4
Ethically and legally determining Who is my Client/Customer?
How does the buyer/agent get paid?
Advantages of Buyer Brokerage
Benefits to the Buyer Broker
Fiduciary Responsibilities
Buyer Relationships
Broker’s Agent
Dual Agent
Seller relationships
Buyer relationships
Dual Agency
Unintentional Dual Agency
Summary of Agency Duties
Ethical and Legal ramifications of misuse
SECTION 5
Creating and Terminating Written Agreements and Disclosure
Forms
Mandatory Agency Disclosure Form
First Substantive Contact
Dual Agency Agreements
Purchase Offer Agreements
SECTION 5A
Ethical and legal use of documents
Property Condition Disclosure
Creating an Terminating the Listing Agreement
Termination of an Agency Agreement
Types of Releases and Terminations
Landlord/Tenant Agreements
SECTION 6
Lead Paint Effects and Disclosure
Definition and effects of lead
Where can lead be found?
Effects of Lead on humans
How to protect yourself from lead poisoning
SECTION 6A
Lead Paint Disclosure Handout .
SECTION 7
Stigmatized Property and Latent Defects
Examples
SECTION 8
Commission and Deposit Money
How are commissions calculated
Procuring Cause
Ready, willing and able
When are commissions earned?
SECTION 9
Understanding ethical requirements including Anti-Trust activity
Restraint of Trade
Sherman and Clayton
Anti-trust enforcement
Price fixing
Tie in arrangements
SECTION 10
Jeopardy game