Formation of an Agency Relationship | Real Estate Exam Topics Explained

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Formation of an Agency Relationship | Real Estate Exam Topics Explained

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Күн бұрын

Agency relationships are a key concept on the Real Estate Licensing Exam. For you to represent any party in a real estate transaction, you must establish an agency relationship. A true agency relationship has additional duties called “fiduciary duties” that are often required by law. As an agent, you can be held liable for violating these duties or not performing them as required.
To help you remember them, use the acronym OLDCAR: Obedience, Loyalty, Disclosure, Confidentiality, Accounting, and Reasonable Care.
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Пікірлер: 29

@mochaest1994 2 жыл бұрын

Well explained! I’m a visual learner and I was getting so burnt out reading. I’d much rather watch/listen

@kristilynn5655 4 жыл бұрын

Because if you and all of your videos I PASSED!!!!!!! I saw so many questions that you have explained so well, I wouldn’t understand it so greatly if it wasn’t for you! PREP AGENT ROCKS!!!!!

@jacquelinev4023 4 жыл бұрын

Thanks Joe! I took my exam today( Florida), and I passed. Your videos are awesome! You rock!!

@outofcuriosity1770 4 жыл бұрын

I have my Florida exam next month!

@kristilynn5655 4 жыл бұрын

Kinglozzz watch all prep agent videos!! SO HELPFUL for the test!!!!!

@tylerr8909 4 жыл бұрын

Just passed the CO exam 1st try thanks to you! Keep up the good work!

@pikniknb 4 жыл бұрын

Where did u go to school

@pounddog77 4 жыл бұрын

Congrats! I take my CO test in a few weeks.

@ginamariepadilla2945 4 жыл бұрын

Just passed my exam 1st try!!! Thank you so much for all your vids!!! SUPER helpful and easy to follow!!! You rock!!!

@BuHrEnDuH1 4 жыл бұрын

Passed my texas exams today on the first try!! Thank you for your videos(:

@breanderson3289 4 жыл бұрын

Did you buy a subscription or just watch these videos?

@edgarraya7657 4 жыл бұрын

Thanks Joe thanks to your videos and program I passed my Missouri Salesperson test first try!

@razelcandy9536 3 жыл бұрын

I failed 3 times but I didn't give much effort into studying. I purchase Prep agent and now studying my butt off..these real estate questions are very tricky smh. It's good to get index cards and write vocabulary and questions down to help with remembering

@radparents5741 4 жыл бұрын

passed the pa but failed national. So retaking national today!!!

@paulbrunsing8261 4 жыл бұрын

M Rad how was it?

@radparents5741 4 жыл бұрын

@@paulbrunsing8261 passed the national! For me- the math questions were a bit confusing but this prep agent helped. I also had a hard time with contacts the first time around and these videos helped

@quicksilver05 3 жыл бұрын

OLDCAR - Brilliant! Thank you Joe

@sohaibahmed226 2 жыл бұрын

Thank you very well and simpl explained!

@erikittya Жыл бұрын

Well explained! Thanks!

@kristinrodriguezrealtordmv3434 4 жыл бұрын

Your videos are amazing!

@zacharymichaud7932 Жыл бұрын

nice break down thank you

@davidpunch7165 4 жыл бұрын

Do you have any videos that have to do with Louisiana? Specifically, our Napoleonic code vs common law. Thanks. Loving the videos

@SkyAngel1045 6 ай бұрын

I just took the real estate exam and there was a question that asked if an implied agency is unintentional, accidental, or intentional. But the more I listen to informational videos I see that it can be unintentional but also intentional. I’ve searched for the answer everywhere because if I remember correctly I could only choose one answer on the exam. Which one is it?

@susievaldez6909 2 жыл бұрын

Really loved your video. DONE SO WELL! What program did you use to create it? I am a college professor and always interested in new tech stuff. Thanks

@nickdyke2192 4 жыл бұрын

Would you recommend Real Estate Express?

@guitarsz 4 жыл бұрын

really good thank you!

@bphaychanpheng 4 жыл бұрын

When and how do you terminate an agency relationship?

@stephenzoglman8264 3 жыл бұрын

What if an agent offers the property for sale without consent or knowledge of the principal , negotiated with a buyer and then buys the property before closing with the buyer? Are there fiduciary duties?