Authorized Brokerage Relationships
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Welcome to the course!
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The Real Estate Business
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Law & Qualifications
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License Law And Commission Rules
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Authorized Relationships, Duties, And Disclosure
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Brokerage Offices and Branch Requirements
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Violations Of License Law, Penalties And Procedures
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Chapter 8
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Property Rights
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Title, Deeds And Ownership Restrictions
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Legal Descriptions
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Real Estate Contracts
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Residential Mortgages
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Types of mortgages
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Real Estate Related Computations And Closing Of Transactions
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The Real Estate Markets And Analysis
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Real Estate Appraisal
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Real Estate Investments And Business Opportunity Brokerage
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Taxes Affecting Real Estate
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Planning, Zoning And Environmental Hazards
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Course Assessments
FLORIDA REAL ESTATE SALES ASSOCIATE COURSE
Authorized Relationships, Duties, And Disclosure
Section 11 of 31
Nonrepresentation (No Brokerage Relationship) - In real estate, you don't always represent the person you are talking to. Sometimes, you are just helping them out without being "on their team." This status is called Nonrepresentation (or "No Brokerage Relationship"). Think of this like a salesperson at a department store. If you walk in to buy a shirt, the clerk will ring you up and be polite, but they aren't your personal stylist or your lawyer. They work for the store, not for you. In this scenario, you are a Customer, not a Client. Who is a Customer? A "Customer" is simply a member of the public who is looking to buy or sell property. They haven't hired you to represent them. They might be representing themselves, or they might just be unrepresented for now.Key Distinction: You work with a customer, but you do not work for them.
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