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   Email info@ahareep.com   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A