About This Course
Our daily lives can involve a variety of agency relationships:
- When you ask your physician to communicate information to the pharmacy to fill a prescription
- If you retain an auto broker to locate a replacement car or truck
- When you deliver some inherited furniture to an antique dealer for sale on consignment
All of these examples involve a contract, either verbal or written, where you are authorizing an individual to act as an agent of sorts to fulfill a specific task for you. It is that contract that creates the agency relationship.
Agency relationships serve as the foundation of most real estate transactions. Clients place trust in a licensee to fulfill certain duties and fiduciary responsibilities. There are four types of agency relationships in Texas – you can serve as a seller's agent, buyer's agent, subagent, or intermediary. Each comes with its own set of guidelines and ethical issues.
It's important to enter your career with a thorough understanding of agency law in general and Texas agency law, specifically. This will enable you to serve your clients and customers to the best of your ability. It will also help you avoid litigation.
This course fulfills Texas pre-license educational requirements.
Course Facts
What You Get
Certificate of completion
Credit Hours
30 hours
Learning Type
Online, Available 24/7
Course Structure
At your own pace, save progress as you go
Support
Support available by email, phone, or chat
Course Updates
Content is updated and current
Topics Covered
Unit 1: Agency Concepts
Unit 2: Basic Agency Relationships, Disclosure and Duties to the Client
Unit 3: Duties and Disclosures to Third Parties
Unit 4: Seller Agency
Unit 5: Buyer Agency
Unit 6: Representing More Than One Party in a Transaction: Intermediary Brokerage
Unit 7: Creation and Termination of Agency
Unit 8: Clarifying Agency Relationships
Unit 9: Employment Issues
Unit 10: Agency, Ethics, and the Law
Unit 11: Deceptive Trade Practices and Consumer Protection Act
Unit 12: Implementation and Presentation
What You’ll Learn
- Enumerate basic agency relationships, including disclosure and duties to clients;
- Identify the relevant section of the Texas property code as it relates to an agent's duties and disclosures to third parties;
- Describe the concept of seller agency and the benefits of such a relationship;
- Enumerate the details of buyer agency, how it is created and the benefits of such an arrangement;
- Comprehend the intricacies of representing more than one party in a transaction (including what is known as intermediary brokerage);
- Describe how agency is created and terminated;
- Navigate disclosure policies and navigate a company's policies in this area;
- Discover various employment law issues involving agency, including independent contract agreements and employment issues with brokers, principals and personal assistants and agents;
- Explain the interaction among agency, ethics, law and morals, including codes of ethics, minimum ethical standards and the rules of TREC and TRELA
- Recognize the various aspects of the Texas Deceptive Trade Practices Act as they impact the purchase and sale of real property;
- Discover some practical aspects of agency, including working with sellers and buyers;
- Relate a practical guide to everyday practice; and
- Comprehend risk management issues as well as other considerations that impact a daily practice.
FAQs
When Does My Course Expire?
Your course will expire one (1) year after you purchase it (the date you submit payment), unless the course itself indicates otherwise.
For more information about course expiration dates, please read Terms of Use.
How Quickly Will I Get My Certificate of Completion?
Once you finish your course and pass any required exams, you can print your certificate of completion right away.
What Can I Do If I Lose My Certificate?
If you lose your certificate of completion and need a new one, you can contact customer service at (877) 881-2235 or support@360training.com.
What If I Need a Refund for My Training Course?
If for some reason you are not happy and would like a refund, send us a request within 72 hours of purchase. Here are the eligibility requirements you must meet:
- Your purchase was made no more than 72 hours prior to your refund request.
- You have NOT
- Attempted any portion of a test or exam.
- Requested or been issued a certificate of completion.
- Completed 50% or more of the purchased course.
If you meet all of these criteria, submit your refund request in writing via email to support@360training.com with a proof-of-purchase receipt and an explanation for why you are requesting a refund.
You can find more information about our refund policy here.
Regulatory Information
Name:Texas Real Estate Commission
Phone:512-936-3000
Fax:512-926-3863
Website URL:https://www.trec.texas.gov/
Email Address:information@trec.texas.gov
Address:1700 N. Congress Avenue, Ste. 400
City:Austin
State:TX
Zip:78701
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