 |  |  | |
|  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: Agenda Here is an easy-to-use agenda that will let all participants know what to expect from the meeting, and will help you stay on track as you lead the session. Welcome Background and goals Handout 1: How is an Agency Relationship Created Review the definition of an agency relationship and the duties it entails. Activity 1: Does This Make You an Agent Quiz Handout 2: The Fiduciary Duties of An Agent Discuss the duties an agent owes to a principal and what they mean in a real estate transaction. Handout 3: Types of Agency Brokerage Relationships with Consumers Describe agency and other relationships permitted in your state. Creating a Company Policy on Agency Discuss the types of relationships with consumers permitted at your company. Activity 2: What Sellers’ Subagents Can and Can't Do for Buyers If your company policy includes subagency, review what you can and cannot do for buyers when you do not have an agency relationship with them. Activity 3: Scenarios for Recognizing Breaches of Fiduciary Duties in Agency Relationships Read these scenarios and identify what fiduciary breaches of agency relationships occur. Adjourn. Component 3: Handout 1, How is an Agency Relationship Created? 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. |