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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®



 
 

Understanding Agency, Introduction

Component 1: Facilitator Talking Points

Component 2: Agenda

Component 3: Handout 1, How is an Agency Relationship Created?

Component 4: Activity 1, Does This Make You an Agent Quiz

Component 5: Activity 1, Answer Sheet for Agent Quiz

Component 6: Handout 2, The Fiduciary Duties of an Agent

Component 7: Handout 3, Types of Agency Brokerage Relationships with Consumers

Component 8: Creating a Company Policy on Agency

Component 9: Activity 2, What Sellers’ Subagents Can and Can't Do for Buyers

Component 10: Activity 3, Scenarios for Recognizing Breaches in Fiduciary Duties

Component 11: Activity 3a: Explanations of Scenarios on Fiduciary Duties

Component 12: Other Resources
  Understanding Agency Relationships: Other Resources

For a more complete discussion of agency relationships with consumers and other major legal issues affecting real estate brokerage, purchase:

Don’t Risk It!: A Broker’s Guide to Risk Management. This publication, on which the material in this tool kit is based, is available from NAR by calling 800/874-6500 and asking for item number 126-358.

Visit REALTOR.org and search "agency". Also search by "agency" using the Legal Super Search at the Law and Policy Information Center.

For a list of articles from other sources, visit the Virtual Library on agency.
Read the following articles on agency:

“Agency and Procuring Cause ,” Nancy K. Kalodner, REALTOR®Magazine, December 1999.

“Are You in Regulatory Hot Water? ” Robert Liparulo, Today’s REALTOR® , September 1996.

“Six Musts for Your Buyer Agency Contract ,” Barry Miller and Steve Alexander, Today’s REALTOR® , February 1996.

“Top 10 Legal Issues Facing Brokers ,” Laurie K. Janik, REALTOR®Magazine, March 2000.

This information provides general legal information and should not be relied upon as legal guidance. Before acting, both the relevant laws and legal counsel should be consulted. This information should not be construed as specific legal advice nor as an opinion on particular facts, cases, or situations.