Agency Law and Ethics
The purpose of this Agency Law and Ethics Course is to review the general components of agency law and professional conduct in Arizona real estate practice. Emphasis is taken from R4-28-1101 professional conduct, duties to clients, and duties to others. The National Association of Realtors® requires each of its members to attend a Code of Ethics class every Two years. The NAR, however, does not promote making the code interchangeable with any statute or law because this code is separate from the statutes and is voluntarily adopted by Realtors®.
Updated 5/31/22
3-Hr Agency Law CE Credit & Code of Ethics for your Local Realtor Association Requirement.
Lessons
1. Client or Customer – Agency Law and Ethics
2. Agency Representation – Agency Law and Ethics
🔊 Listen to Lesson Creation of an Agency Relationship The law of agency identifies the responsibilities and rights of the principle and the agent. It provides directives that govern real estate transactions for the…Creation of an Agency Relationship The law of agency identifies the responsibilities and rights of the principle and the agent. It provides […]
3. What does Agency mean?
🔊 Listen to Lesson Agency is the relationship created between a buyer or seller and the agent by a written agreement relating to the performance of real estate brokerage services by the agent. The…Agency is the relationship created between a buyer or seller and the agent by a written agreement relating to the performance of […]
4. Section 1 Exam – Client or Customer – Agency Law and Ethics
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.
5. Fiduciary Duties – Agency Law and Ethics
🔊 Listen to Lesson As a Real Estate Agent, your fiduciary duty to your client is held to a higher standard than most industries by way of the Code of Ethics embodied in the…As a Real Estate Agent, your fiduciary duty to your client is held to a higher standard than most industries by way […]
6. Reasonable Care / Accounting / Confidentiality – Agency Law and Ethics
🔊 Listen to Lesson Reasonable Care What would you consider reasonable care? When pursuing the principal’s affairs, the licensee is obligated to use reasonable care. The standard of care that the agent must hold…Reasonable Care What would you consider reasonable care? When pursuing the principal’s affairs, the licensee is obligated to use reasonable care. The […]
7. Dual Agency – Agency Law and Ethics
🔊 Listen to Lesson Dual Agency Dual Agency is just what it says. One or two agents from the same brokerage representing the buyer and seller in the same transaction. Agents are the hands and…Dual Agency Dual Agency is just what it says. One or two agents from the same brokerage representing the buyer and seller in […]
8. Section 2 Exam – Agency Law and Ethics
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam. You will need to wait for the timer to run out before you can submit the Exam.
9. Case Studies Client Confidentiality – Agency Law and Ethics
🔊 Listen to Lesson The following case studies have been taken from our Code Of Ethics. These Case Interpretations offer examples of the practical application of the Code in professional standards enforcement and help…The following case studies have been taken from our Code Of Ethics. These Case Interpretations offer examples of the practical application of […]
10. Agency Relationships – Agency Law and Ethics
🔊 Listen to Lesson Agency Relationships As established Agency identifies the relationship between a principal, and an agent. This relationship may be based on a written or oral agreement, and as such be identified…Agency Relationships As established Agency identifies the relationship between a principal, and an agent. This relationship may be based on a written […]
11. Types of Listing Agreements / Employment Agreements – Agency Law and Ethics
🔊 Listen to Lesson Agency Authority In general, agency law agents can have one of two types of authority to conduct real estate related activities on behalf of a principal including, actual authority or apparent authority.…Agency Authority In general, agency law agents can have one of two types of authority to conduct real estate related activities on behalf […]
12. Section 3 Exam – Agency Law and Ethics
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.
13. Commissions – Agency Law and Ethics
🔊 Listen to Lesson Remember that these classes are not giving you legal advice! Every transaction, property, client whether it is the buyer or seller is different and all parties are advised to contact legal counsel…Remember that these classes are not giving you legal advice! Every transaction, property, client whether it is the buyer or seller is different and […]
14. Code of Ethics – Agency Law and Ethics
🔊 Listen to Lesson Ethics What is ethics? Ethics are the moral standards, rules, principals or code of conduct that governs how we act. Ethics are not universal and can be different for various…Ethics What is ethics? Ethics are the moral standards, rules, principals or code of conduct that governs how we act. Ethics are […]
15. Termination of Agency Relationship & E&O – Agency Law and Ethics
🔊 Listen to Lesson Termination of the employment agreement. An exclusive listing agreement (whether exclusive representation or exclusive agency) is a bilateral contract. A bilateral contract is a contract that requires performance by both…Termination of the employment agreement. An exclusive listing agreement (whether exclusive representation or exclusive agency) is a bilateral contract. A bilateral contract […]
16. Section 4 Exam – Agency Law and Ethics
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.
17. The Code – Agency Law and Ethics
🔊 Listen to Lesson November 7, 2013, marks the year that of the 100th anniversary of the National Association of Realtors® Code of Ethics. The code spells out the professional responsibilities and expectations of…November 7, 2013, marks the year that of the 100th anniversary of the National Association of Realtors® Code of Ethics. The code […]
18. Standard of Practice and Enforcement – Agency Law and Code of Ethics
🔊 Listen to Lesson Article 16 REALTORS® shall not engage in any practice or take any action inconsistent with exclusive representation or exclusive brokerage relationship agreements that other REALTORS® have with clients. (Amended 1/04)… Article 16 REALTORS® shall not engage in any practice or take any action inconsistent with exclusive representation or exclusive brokerage relationship agreements […]
19. Section 5 Exam – Agency Law and Code of Ethics
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam. You will need to wait for the timer to run out before you can submit the Exam.
20. Final Exam – Agency Law and Code of Ethics
🔊 Listen to Lesson The Final is not timed. Once you have passed this final… For The Agency Law and Ethics Remember to PRINT OUT YOUR CERTIFICATE, and then you may move on to a…The Final is not timed. Once you have passed this final… For The Agency Law and Ethics Remember to PRINT OUT YOUR CERTIFICATE, […]
