🎥 Webinar Recording Now Available - RealXpert Webinar: From Trivia Night to Test Day
Studying for a state licensing exam can feel overwhelming, but what if preparing could be both effective and fun? In this webinar, we’ll explore how trivia nights, exam prep, and the QBanks can be powerful tools for exam prep. Learn how to reinforce key concepts, improve recall, and reduce test anxiety—all while having a great time. Whether studying solo or with a group, discover strategies to boost your confidence for exam day!
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Comments
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there were a lot of trick questions regarding agency and the Nevada brokers state portion where didn’t clearly define which party they were actually referring to any like the buyer or the seller or orsellers agent so any help with trick questions regarding agency or trickquestions in general would be great t
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bobratahan California Licensing Career Launcher, California Licensing, Buyer Agency Professional (BAP) Posts: 453Moderator
🚨@Natalie11365257 Agency can be a confusing subject. You MUST know these terms.
Principal/Client -this is the person(s) you are working FOR.
Third Party/Customer -this is the person(s) you are working WITH.
You are an AGENT only to your client and owe them fiduciary duties. OLD CAR
- Obedience
- Loyalty
- Disclosure of material facts
- Confidentiality (you owe this for a lifetime)
- Accounting for anything of value you receive on the your clients behalf
- Reasonable skill and care
You are a broker to your customer to whom you must be fair, honest and disclose all material facts regarding the property.
Listing Agent-is working for the seller
Selling Agent-is working with the buyer ——This is a different term than Seller's Agent. So watch out for the difference.
I hope these few notes will be helpful in better understanding Agency.
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Here is the QBank video resource Charles mentioned during today's session.
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