Buyer Agency

Per Kentucky law, students are not allowed to complete more than 9 hours of Post-Licensing coursework per day. It's the students responsibility to track their hours. Please contact KRI with any questions.

Course Goals

This course is designed to give the licensee a comprehensive overview of buyer agency. The history of the shift from mandatory sub-agency to buyer representation that converted the buyer from a customer to a client is discussed in great detail.

Once the buyer was given client status, the agent representing the buyer was required to perform his/her duties according to the high fiduciary standards of agency law. These fiduciary duties are discussed along with the duties the buyer's agent owes to third parties.

Brokerage company agency policy options are evaluated in the context of buyer agency.

Buyer Representation Agreements are discussed along with the various stages that a buyer's agent must necessarily go through during the representation of a buyer-client. Finally, a brief discussion regarding the marketing of a buyer's agent services is presented.

Learning Objectives

At the end of this course, you will be able to:

• Explain the fiduciary responsibilities of a buyer's agent.
• Compare the advantages and disadvantages of adhering various brokerage agency policies.
• Summarize the daily responsibilities of a buyer's agent in satisfying contract performance.
• Identify strategies to increase business and exposure for a buyer's agent.

Course Materials

This course is composed of approximately 4 hours of reading material. The course is divided into five segments. Review quizzes are at the end of each segment.

At the end of the course a final examination is required. The final examination consists of 20 questions. A test score of 75% or greater is required for course completion. The final examination is not downloadable or printable. A course completion certificate for Kentucky real estate continuing education credit will be issued after passing the final exam and completing an end-of-course survey.

If this continuing education course is taken after December 21 of the calendar year, the licensee's license may be cancelled if the course is not timely completed.