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URL:https://www.learndesk.us/class/5107132036808704/lesson/08cc9fc474f00c44540cbca041e211e4?ref=outlook-calendar
SUMMARY:Authorized Relationships, Duties, and Disclosure Snapshot Review 
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/5107132036808704/lesson/08cc9fc474f00c44540cbca041e211e4?ref=outlook-calendar
DESCRIPTION: ESSENTIALS OF REAL ESTATE AGENCY
Historical perspective
● agency law grows out of common law and statutory law ● essence of agency relationship: trust, confidence, mutual good faith
Basic roles
● principal, or client, hires an agent (broker) to find a ready, willing, and able customer (buyer, seller, tenant); client-agent fiduciary foundations: trust, confidence, good faith
Types of agency
● universal: represent in business and personal matters; can contract for the principal ● general: represent in business matters; agent can contract for principal ● special: represent in a single business transaction; normally agent cannot contract for the principal; the brokerage relationship is usually a special agency
Creating an agency relationship
● created by express written or oral agreement or as an implied agreement by actions of either party
Terminating an agency relationship
● causes: fulfillment; expiration; mutual agreement; incapacity; abandonment; or destruction of property;...

https://www.learndesk.us/class/5107132036808704/lesson/08cc9fc474f00c44540cbca041e211e4?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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DESCRIPTION:Class Reminder
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