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URL:https://www.learndesk.us/class/4960291886465024/lesson/c3e18e93687fe6a9c54d86d47a34a750?ref=outlook-calendar
SUMMARY:Concepts of Agency
DTSTART;TZID=America/Los_Angeles:20260516T190000
DTEND;TZID=America/Los_Angeles:20260516T200000
LOCATION:https://www.learndesk.us/class/4960291886465024/lesson/c3e18e93687fe6a9c54d86d47a34a750?ref=outlook-calendar
DESCRIPTION: Levels of Agency: Universal / General / Special
Universal:
• Represent in all matters.• Can contract for the principal.
General:
• Represent in business matters.• Agent can contract for the principal.
Special:
• Represent in a single business transaction.• Normally agent cannot contract for the principal.• Characterizes the brokerage relationship.
Causes for agency relationship termination
• Fulfillment • Expiration • Mutual agreement •Incapacity • Abandonment or destruction of property • Renunciation • Breach • Bankruptcy • Revocation of license
Fiduciary relationships
Agent's Fiduciary Duties to Client
Skill, care, and diligence:
• Proactive; competent; act within bounds of expertise.
Loyalty:
• Place client interest above customer and self.
Obedience:
• Provided actions, and instructions are legal.
Confidentiality:
• Extends beyond listing term indefinitely.
Full...

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STATUS:CONFIRMED
SEQUENCE:3
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