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May 01, 2026
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RELE 2002 - Law of Agency
Law of agency including principal-agent and master-servant relationships, the authority of an agent, the termination of an agent’s authority, the fiduciary and other duties of an agent, employment law, deceptive trade practices, listing or buying representation procedures, and the disclosure of an agency.
Learning Outcomes: Upon successful completion, students will be able to:
- Identify reasons for suspension or revocation of a Texas real estate license.
- Illustrate ways in which agency relationships can be created and terminated.
- Describe the fiduciary relationship that exists between an agent and his principal.
- Explain the 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 relationships.
- Summarize the mandatory Sellers Disclosure of Property Condition form.
CEU(s): 3.2
Lecture Hour(s): 32
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