Agent-Broker Relationship | Real Estate Exam Prep Videos

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Agent-Broker Relationship | Real Estate Exam Prep Videos

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4 жыл бұрын

In this real estate exam prep video we discuss the Agent-Broker Relationship - not only how it's structured but the things you need to know for your real estate exam. Key real estate terms discussed are:
(1) General Agency - An agency relationship whereby the agent is authorized to act on behalf of the client or principal
(2) Independent Contractor - An individual that's employed by a Broker and paid based on the agent production. No salary or other benefits are paid by the emplying broker.
(3) Designated Broker -
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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.
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Paul Vojchehoske

Пікірлер: 25

@TheRealEstateClassroom 4 жыл бұрын

More study materials at TheRealEstateClassroom.com Join us on Facebook: facebook.com/TheRealEstateClassroom

@lianian9747 3 жыл бұрын

@Brixton Christian Yup, have been using instaflixxer for since december myself :)

@sourabhsanduja1028 3 жыл бұрын

Thank you for your videos, really helps understand the concept better, especially with examples.A quick question: If a Broker dies or is suspended and the sales agent is in the middle of a sales transaction.What happens next: Does the sales agent continue with that listing and finish while he is applying for another broker or terminate the listing agreement with the client

@TheRealEstateClassroom 3 жыл бұрын

That is a great question and the answer really depends on your specific state law. Each state is different on how the transaction proceeds...

@demeolson9831 2 жыл бұрын

One question I had was: a brokerage must provide the agents with… one option was A. A office space. Are brokerages required to provide one?

@TennRides 2 жыл бұрын

I just want to make sure I have this correct; an associate broker, agent, and licensee are the same person, yes? But an affiliate broker is another broker that is in some manner affiliated with the managing broker. Is that correct?

@dannygeed8350 4 жыл бұрын

Wouldn't a broker want employee's over independent contracts? They have more control.

@stephaniedblendo1081 4 жыл бұрын

As a broker there is no way you want employee's. They are expensive compared to paying them as an independent contractor.

@gillianperkins4946 4 жыл бұрын

And quite honestly, I wouldn't most brokers to be my boss.

@TheRealEstateClassroom 4 жыл бұрын

True they have more control but much more liability and tax burden.

@kimdube1957 2 жыл бұрын

Thank u great job

@TheRealEstateClassroom 2 жыл бұрын

Thank you and you're welcome :o)

@Mindsetolympics 11 ай бұрын

Question is a mortgage broker and RE broker two separate licenses?

@TheRealEstateClassroom 10 ай бұрын

yes two different licenses

@pamelakoefoed3720 2 жыл бұрын

I'm studying for my Oregon license. In Oregon, is the Designated Broker called the Principal Broker? And does the same rule apply regarding the listing contract? In other words, as a new broker (associated broker), when I get my first listing, the listing contract is between the homeowner and the Designated Broker and when I sign, I will do so on behalf of the DB. You made it very clear. I just want to make sure the same applies in Oregon. Thanks for your channel and instructional videos. I've subscribed.

@TheRealEstateClassroom 2 жыл бұрын

The answer is yes and i don't know... So, as far as the national side of the test goes, it is as I've layed it in the video. Now, on your state side of the exam, I am not familiar enough with Oregon law to answer so make sure you hit that part really hard. However, terms like designated broker, primary broker and principal broker are terms used interchangeably

@pamelakoefoed3720 2 жыл бұрын

@@TheRealEstateClassroom Thank you. This helps.

@TheRealEstateClassroom 2 жыл бұрын

@@pamelakoefoed3720 Your welcome! :o)

@TheCapoeiraExperiencePodcast 2 жыл бұрын

One of my test asked if a sub account for the broker’s trust account with check books is enough to protect the broker. Is that enough protection for the broker?

@TheRealEstateClassroom 2 жыл бұрын

You will need to check with your specific state law regarding that question. It varies from state to state

@dianaburson9601 3 жыл бұрын

can you do a video about brokerage business please?

@TheRealEstateClassroom 3 жыл бұрын

Hi Diana... can you be more specific?

@dianaburson9601 3 жыл бұрын

@@TheRealEstateClassroom that's the chapter and the topics are operating a real estate brokerage, business brokerage and syndications and securities brokerage

@dianaburson9601 3 жыл бұрын

I got it I just watched the partnerships video. that's what was in the chapter

@TheRealEstateClassroom 3 жыл бұрын

@@dianaburson9601 well there won't be questions on the exam about brokerage business. However, I am actually thinking about starting another KZfaq Channel to talk about those things :o)