Title: Define the common law terms of agency.
Course: Real Estate (12154) > Section: Describing Brokerage and Agency Contract Responsibilities

Definition should include

- agent liabilities
- buyer agent
- seller agent
- designated agent
- dual agent
- unintended dual agency
- independent contractor
- creation and termination
- landlord
- tenant.

DPOR correlations: 18VAC135-20-400. 15 (Brokerage and agency contract responsibilities); 18VAC135-20-400. 25 (Real estate board regulations)

Process/Skill Questions:

- What is an agency relationship?
- How is an agency created? What are the different types of agencies?
- What are some of the types of problems in agency relationships and disclosures?
- What methods can be used to terminate an agency relationship?
- What are some agent liabilities?
- What are the duties of an agent?
- Why would it be more beneficial to be a designated agent rather than a dual agent?
- How can “agency relationships” be created?
- Why is it best to create an agency in writing?