Episode 098 - Real Estate Exam Questions: Agency
Episode 098 - Real Estate Exam Questions: Agency
Going through state exam questions to help real estate students pass their state exam.
01:00 – January: Happy New Year! Think outside the box and try to understand other perspectives.
03:55 – List of recent grads: Jessica, April, Janeva, Martina, Elishia, Naomi, Christina, Mathew, Marie, Sophia, Loren, Brandi, Eric, Dominique, Jordan, Mark, David, Isamar, Kyle, Raven, Whitney, Mandy, Albert, Maggie, Janice, Alisia, Anissa, Claudia, Phillip, Elmer, Layton, Maxwell, Dillon, Alayna, Angela, Prabjeet, and Cullen.
05:20 – Message from Jessica.
07:15 – Episode Focus: agency
08:00 – The parties involved in agency: agent, principal (client), and customer.
13:00 – Creating agency: express agency and implied agency; compensation does not affect agency.
19:05 – Fiduciary responsibilities: COLD AC or OLD CAR; care (reasonable care), obedience, loyalty, disclosure, accounting, and confidentiality.
31:10 – Single agency versus dual agency (limited agency); requires informed consent.
35:10 – Designated agency, in house transaction.
37:40 – Customer – don't help but don't hurt. Do not provide service or assist them. Be cautious with unintended actions or words.
39:10 – Puffing, fraud, and negligent representation.
44:25 – Contract law exam questions.
1:09:30 – February's episode will be about leasing of real estate: types of leases, rights of landlord and tenant, eviction, and more.
Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.
Go to www.indianarealestateinstitute.com for Indiana real estate classes.
A-Ha LINKS
Web
www.ahareep.com
https://www.facebook.com/AHA.REEP
YouTube
Available Results
Generated results are saved to the knowledge database for reuse and search.
Extract Knowledge
Pick what you want extracted first. Model, scope, and chapter options appear after a template is selected.