LOA-0 (06/20/2016)

Name of Text or Workbook and Author

Title of Course

Provider Name

QUALIFYING REAL ESTATE COURSE APPROVAL FORM LAW OF AGENCY (30 hour course)

Duties and Disclosures to Third Parties Fiduciary & Other Duties of an Agent

On Page # Suggested Length of Unit(min.)

Length of Course 30 hrs

FOR TREC USE ONLY

Agency Concepts Disclosure of Agency - relationship between Principle & Agent

included Not

included Comments

What is Agency? The License Act - Statute & Rules

Texas Real Estate Commission P.O. Box 12188

Austin, TX 78711-2188 512-936-3000

40

Roles People Play in Agency Relationships - Client or Customer? 40

Why Study Agency

Relationship between Principle & Agent

25

25

125

Basic Agency Relationships, Disclosure and Duties to the Client Relationship between Principle & Agent; Authority of Agent

SUBTOTAL 125

20

General Duties of Honesty & Fairness

Information About Brokerage Services - Disclosure of Representation

Define Third Party/Obligations to Third Party

20

Non-Fiduciary Duties 20

Avoiding Disclosure and Misrepresentation Problems

15

SUBTOTAL

Authority of Agent

Agency Defined

20

20

130

SUBTOTAL

40Fiduciary Duties and Responsibilities

Section 5.008 of the Texas Property Code (Seller's Disclosure)

20

Stigmatized Properties

Classifications of Agency 25

30

20

LOA-0 (06/20/2016)

Representing More Than One Party in a Transaction: Intermediary Brokerage Listing or Buying Representation Procedures; Agency Disclosure

Creation and Termination of Agency Termination of an agent's authority

How and When Agency is Created

Clarifying Agency Relationships Disclosure of Agency

Law Of Agency-Qualifying Real Estate Approval Form

On Page # Suggested Length of Unit(min.)

FOR TREC USE ONLY

Buyer Agency Disclosure of Agency; Listing or Buying Representation Procedures

included Not

included Comments

Buyer Representation Agreement 30

Deciding to Represent the Buyer 20

The Creation of Buyer Agency

Benefits of Buyer-Agency Relationships

30

20

The Path from Dual Agency to Intermediary Brokerage

Intermediary Brokerage

Representation of More Than One Party in a Transaction

Specialized Intermediary Applications

Duties of Agency that Survive Termination

How Agency is Terminated

30

30

Understanding a Brokerage Company's Policy

Disclosure Policy

Intentional versus Unintended Dual Representation

Buyer's Broker Disclosures

40

30

Written Notification of Compensation to Broker

150SUBTOTAL

20

165

30

30

25

85SUBTOTAL

20

25

45SUBTOTAL

45

SUBTOTAL

20

Seller Agency Disclosure of Agency; Listing or Buying Representation Procedures

40

20Exclusive Seller Agency

Benefits of Seller Agency Relationships 20

20Sub Agency

Disclosure Issues 20

120SUBTOTAL

Listing Agreements

LOA-0 (06/20/2016)

Deceptive Trade Practices and Consumer Protection Act Deceptive Trade Practices

Implementation and Presentation

On Page # Suggested Length of

Unit (min.)

Law Of Agency-Qualifying Real Estate Approval Form FOR TREC USE ONLY

included Not

included Comments

30Minimum Ethical Standards

20Damages

TOTAL MINUTES 1500

30Fraud versus Misrepresentation

50Deceptive Trade Practices and Consumer Protection

140SUBTOTAL

SUBTOTAL 140

20

20Risk Management

Other Considerations

20

25

Federal and State Law Relating to Conduct

Distinctions between Law, Ethics, and Morals

Agency, Ethics and the Law An Agent's Duties; including fiduciary duties

40TRELA and Rules of the Commission (Ethics)

40Professional Codes of Ethics

155SUBTOTAL

20Defenses

20Ethical and Legal Concerns

30

30

40

A Practical Guide to Everyday Practice

The Broker Working for/with the Buyer

The Broker Working for/with the Seller

20

20

20

20

20

20

120SUBTOTAL

Compensation Issues

Relationships between Brokers and Agents

Employment and Compensation of Personal Assistants

Employment Relationships between Brokers and Principals

Employment Law

Independent Contract Agreements

Employment Issues Employment law