KWT Lesson | Laws of Agency and Fiduciary Duty
In this lesson, you will learn the different aspects of the Laws of Agency and Fiduciary Duty.
When a real estate agent or broker acts in an agency capacity for a buyer or seller client in a transaction, the agent or broker is functioning under certain legally mandated duties called fiduciary duties.
Listed below are the related topics for the Laws of Agency and Fiduciary Duty.
- Law, Definition, and Nature of Agency Relationships, Types of Agencies, and Agents
- Creation of Agency and Agency Agreements
- Responsibilities of Agent to Seller/Buyer as Principal
- Disclosure of Agency
- Disclosure of Acting as Principal or Other Interest
- Termination of Agency
- Commission and Fees
- Responsibilities of Agent to Non-Client Third Parties