GRADING  SYSTEM

GENERAL  REQUIREMENTS
1. Read the textbook material.
2. Prepare yourself for course examinations.
3. Take three examinations during the semester on the established schedule.
4. Read the following contracts for examination purposes:
    A. Independent Contractor Agreement
    B. Listing Agreement & Addenda & complete case study
    C. Buyer Representation Agreement & complete case study
5. Know examination review prior to testing.
6. Exams are available at ACC Testing Centers.

EXAMINATIONS

1. Exams consists of multiple choice and true-false questions
2. Exam value:
       Exam I = 20% of grade
       Exam II = 20% of grade
       Final Exam = 30% of grade

       A = 90-100%
       B = 80-89%
       C = 70-79%
       D = 60-69%
       F = 59% and below

3. Examination questions will be taken from textbook material, required contracts and course
    documents.

4. Examination Schedule: You must take the exams ON OR BEFORE  the dates indicated.

5. Contract Case Studies
       Listing Agreement = 15%
       Buyer Representation Agreement = 15%

6. Course Grade Average

      A = 90-100%
      B = 80-89%
      C = 70-79%
      D = 60-69%
      F = 59% and Below

REQUIRED TEXTBOOK/MATERIALS:TEXAS REAL ESTATE AGENCY, 7th Edition , by Donna K. Peeples, Minor Peeples III and A.Sue Williams.  ISBN # 978-1-4277-3825-7/1-4277-3825-4.  All Instructor  Course Documents.

 RELE 2201  LAW OF AGENCY

COURSE  OUTLINE -  SUMMER  SEMESTER  2013

Chapter 1 - Agency Concepts

                       What is Agency?
                        Fiduciary Relationship
                        Real Estate Licensee Roles
                        Client or Customer

Chapter 2 - Agency Relationships, Disclosures, and Duties of the Agent

                        Classifications of Agency
                        General vs. Special Agent
                        Law of Agency – Fiduciary Duties

Chapter 3 - Disclosure and Duties to Third Parties

                        Duties to Customers
                        Seller’s Disclosure of Property Condition Form
                        Stigmatized Property
                        Liability for Misrepresentation




Chapter 4 - Creation and Termination of Agency

                        Creation Forms of Agency
                        Constructive/Imputed Notice
                        Termination Forms of Agency
                        Employment Agreements Between Broker and Seller – Chapter 10
                        Independent Contractor Agreement – Chapter 10
                        Salesperson Compensation – Chapter 10
 

Chapter 8 - Single Agency

                        Advantages
                        Disadvantages

Chapter 5 - Seller Agency

                        Listing Agreement Forms
                        Listing Agreement Contract – ACTRIS
                        Benefits to Seller
                        Exclusive vs. Nonexclusive Seller Agency
                      

Chapter 10 - Employment Issues

                        Review Broker / Seller Agreements
                        Review Broker/Salesperson Contract

SEMESTER  EXAMINATION I   6/12/13

                     50 Multiple Choice Questions

                     50 True – False Questions

Chapter 7 - Buyer Agency

                        Buyer Representation Agreement Forms
                        Buyer Representation Agreement Contract – TAR
                        Benefits to Buyer
                        Buyer’s Broker Fee Sources
                        Employment Agreements Between Broker and Buyer – Chapter 10
                        
                        
 Chapter 8 - Multiple Representations

                        Conflicts of  Client’s Interests
                        Statutory Dual Agency
                        Intermediary Broker Status
                        Senate 489 – Appointment Process
                        Intentional vs. Unintended Multiple Representations
 
Chapter  9 - Clarifying Agency Relationships

                        Disclosure Policy
                        Brokerage Agency Practices

Chapter 10 - Employment Issues

                        Review Broker/ Buyer Agreements
                        Review Buyer’s Broker Compensation Sources

Chapter 11-  Agency, Ethics, and the Law

                        Law, Ethics, Morals Defined

                        Federal and State Laws as to Conduct

                        Guide for Everyday Practice

SEMESTER  EXAMINATION II   6/21/13

                      40 Multiple Choice Questions

                      40 True – False Questions

Chapter 12 - Consumer Protection Act

                        Deceptive Trade Practices Act
                        Fraud vs. Misrepresentation
                        Laundry List of Deceptive Acts
                        Damages for Violations
                        Defenses for Defendants

 

Chapter 13 - Putting it all Together

                        Preventive Brokerage
                        Information About Brokerage Services Form
                        Broker Relationships with Transaction Principals
                        Written Employment Contracts
                        Commission Payments

FINAL  EXAMINATION   6/28/13

                     50 Multiple Choice Questions

                     50 True- False Questions

COURSE  OBJECTIVES/OUTCOMES:

DISCIPLINE:

1. Identify reasons for suspension or revocation of real estate license
2. Illustrate ways in which agency relationships can be created and terminated
3. Describe the fiduciary relationship that exists between an agent and his principal
4. Discuss Deceptive Trade Practices Act as it affects the real estate agent and the duties and
      obligations of the client, customer, and agent; distinguish between dual agency and
       intermediary broker relationships
5. Explain the mandatory Sellers Disclosure of Property Condition form

INSTRUCTOR:

1. Prepare students to pass real estate licensing exams
2. Enable students to successfully compete in the real estate industry