Description

Course# 285-0703 Topic H 3.0hrs Instructor: MD REALTORS

Topics Covered:

I.  Introduction  

A.  Effective Date of Original Law

     Effective Date of Revision  

B.  Application of Law

C.  Definition of Terms

II.  Generally Applicable Provisions of Law

A.  Required contents of a Brokerage Agreement.  A Brokerage Agreement

B.  Payment of Compensation Does Not create a brokerage relationship

C.  Commencement and Expiration of Brokerage Relationship

D.  Duties Owed by a Licensee to Client and Non-Client

E.  Duties of Licensee Prior to Entering into a Brokerage Relationship and Following Expiration or Termination of   the Brokerage Relationship

F.  Specified Allowable Activities of Licensees 

III.  Dual Agency

A.  Single Licensee Dual Agency Prohibited

B.  Intra Company Agent

C.  Dual Agency within a Term

IV.  Notice to Unrepresented Parties