Types of agency 5

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Welcome to the course!
The Real Estate Business
Law & Qualifications
License Law And Commission Rules
Authorized Relationships, Duties, And Disclosure
- Historical perspective of agency relationships
- Historical perspective 2
- Types of agency relationships in general business dealings
- Types of agency 2
- Types of agency 3
- Types of agency 4
- Types of agency 5
- Disclosure Requirements
- When You DON'T Need the Paperwork (Exemptions)
- No Paperwork 2
- Authorized Brokerage Relationships
- The 3 Duties You Owe a Customer (A.D.D.)
- The "No Brokerage" Notice
- Single agent relationship
- The Duties: The "VIP" Treatment
- The Paperwork: Timing is Everything
- Transaction broker relationship
- Limited Representation: The Middle Ground
- Neutrality
- Duties of a Transaction Broker
- The Special Rule: "Limited Confidentiality"
- Additional Duties
- Consent to Transition From Single Agent to Transaction Broker
- Changing the Relationship
- Timing and Format
- Designated sales associate
- Non-Residential Transaction Limitations
- Record Keeping, Documentation, and Termination
- Documenting Brokerage Relationship Disclosure
- Terminating Brokerage Relationships
- Terminating Brokerage Relationships 2
- Chapter 5 Quiz 10 xp
Brokerage Offices and Branch Requirements
Violations Of License Law, Penalties And Procedures
Chapter 8
Property Rights
Title, Deeds And Ownership Restrictions
Legal Descriptions
Real Estate Contracts
Residential Mortgages
Types of mortgages
Real Estate Related Computations And Closing Of Transactions
The Real Estate Markets And Analysis
Real Estate Appraisal
Real Estate Investments And Business Opportunity Brokerage
Taxes Affecting Real Estate
Planning, Zoning And Environmental Hazards
Course Assessments

FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Authorized Relationships, Duties, And Disclosure

Section 7 of 31

Finally, it is important to know who calls the shots regarding these roles. The Brokerage relationships are determined by the Broker, not the sales associate. Even though you are the one out in the field talking to buyers and sellers, you don't get to decide strictly on your own whether to act as a Single Agent or a Transaction Broker. Your Broker owns the business and sets the policy for the entire office. If the Broker decides the company will only operate as Transaction Brokers to reduce liability, every associate working under them must follow that rule. You are essentially playing by the playbook your "coach" (the Broker) has written.