Texas Real Estate Prelicense 1151 Law of Agency (PDF with Quizzes)

1151 Law of Agency (PDF with Quizzes)

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  • Course Delivery: On Demand
  • Credit Hours: 30
  • Credit Type: Pre License

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Description

Agency relationships are the foundation of most real estate transactions. The relationship between a licensee and his or her client is considered a fiduciary relationship, meaning that the client places trust in the licensee to fulfill certain duties towards the client. A broker or licensee can act as a seller's agent, a buyer's agent, a subagent or an intermediary, and each of these four types of agency relationships has its own set of guidelines, as well its own ethical issues. Licensees who understand both the basics of agency law as well as the specific laws of agency in the state of Texas will be able to serve their clients and customers to the best of their abilities and avoid litigation.

The beginning of this course covers the basics of agency law in general, including the brief history of real estate agency, the definition of agency, the parties involved in the relationship, the types and degrees of authority and the role of agency in real estate. Then, the course covers all relevant sections of the Texas Real Estate License Act and the Rules of the Texas Real Estate Commission. In addition, the student will learn about the creation and termination of agency relationships, the rules for agency disclosure, the duties required of agents, the agent's liability, the Texas Deceptive Trade Practices Act, and the different types of agency agreements.

As the student completes this module, he or she should attempt to fit the information in with the big picture of the real estate profession. The conclusion of the module will assist in drawing the information together by presenting real world practice, comprehension questions and case studies for the student's consideration.

 

Regulatory Information

Law of Agency - Texas Real Estate Commission

TREC Guideline Update effective September 1, 2017

As of September 1st, new TREC Guidelines require students to take all qualifying exams in the presence of an official proctor. Click here to learn more.

TREC now requires exams to be taken in the presence of a qualified, eligible Proctor to qualify for a certificate of completion.

Please see below for a list of acceptable Proctors:

  • An authorized notary
  • Employees at official testing or learning/tutoring centers
  • Librarians at a school, university, or public library
  • College or university administrators, faculty, or academic advisors
  • Clergy who are affiliated with a specific temple, synagogue, mosque, or church
  • Members of the court system – a Judge, justice of the peace, magistrates, and prosecutors
  • Law Enforcement Officers – a sergeant, lieutenant, or captain and
  • Educational officers of a military installation or correctional facility.

As set out in Texas Occupations Code §53.025 and TREC Rule 541.1, you may be requested to provide a background check prior to enrolling in Texas real estate courses. If you have any criminal offenses, unpaid judgments, had discipline taken against a professional or occupational license, or have performed unlicensed activity, TREC requires you to consider submitting a completed Moral Character Determination Form before applying for a license.

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4 Real Reviews From Actual Learners

Baine From Houston, TX Took 1151 Law of Agency (PDF with Quizzes), And Said:

Being a busy professional, the flexibility afforded by 360training to learn at my own pace is invaluable.

Posted 7 months ago
Elizabeth From Wharton, TX Took 1151 Law of Agency (PDF with Quizzes), And Said:

The information in 360training is user friendly and informative.

Posted a year ago
Rosa From Amarillo, TX Took 1151 Law of Agency (PDF with Quizzes), And Said:

360 Training is user friendly to operate. The learner has feedback to the questions and answers which helps with the learning and understanding of the material.

Posted a year and 2 months ago
Todd From Agua Dulce, TX Took 1151 Law of Agency (PDF with Quizzes), And Said:

360 Training is an excellent source to preparing for the State Exam.

Posted a year and 5 months ago