Agency Law

Agency Law

by Lei Bao


In Law of Agency, you’ll go over the ins and outs of your position as an agent. To practice agency in real estate means to keep your client’s best interests at the forefront of what you do. This is a crucial part of being a real estate agent as your client relationships will become a major part of your day to day. Aside from the moral duties involved in the client-agent relationship, there are also legal duties that you have to abide by according to Guam laws. It will quite literally be your job to uphold your end of the relationship and represent your client throughout any situation or agreement. This course will guide you step by step through the process of maintaining these relationships as an agent.

Learning Objectives for Students

On completion of the course, students will understand:

  • What constitutes a contract under agency law, including: agency agreement, real estate agency work, and authorized authority.
  • When real estate agency work begins and ends, for example: real estate transaction, exposure of seller to double commission
  • The fiduciary relationship (client): the rules and fiduciary obligations, confidentiality.
  • Developments in consumer relationships (duty of care to the customer)
  • Disclosure of conflicts of interest, including: acquisition by the licensee or related person.
  • Buyer’s agent rule.
  • Supervisor responsibilities.



NICE Friday 9am

Course Schedule

Every Friday
9:00 am – 12:00 pm

Location

N.I.C.E. School 341 S Marine Drive, Suite 203 Tamuning, GU 96913

Reservation

(671) 687–2012 nice@mynice.org

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