How Buyer Agency Works

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.

Course Details:

This course is composed of approximately 4 hours of reading material and videos. The course is divided into segments. Review quizzes are at the end of segment 2, 3, 4, and 5.

At the end of the course, a final examination is required. The final exam is administered online. Access to the final exam will only be granted once the security information entered at the time of course enrollment is verified by OnlineEd's system. The final examination consists of 20 multiple choice questions.