Agency relationships are essential in real estate. Nevada licensees have specific duties to clients, brokers, the public, and the Nevada Real Estate Division. Effective client representation and liability minimization depend on understanding these duties. This course covers key agency concepts for Nevada real estate professionals, including agent-principal relationships, agents’ authority, fiduciary duties, unlawful trade practices, and brokerage agreements.

• Explain the types of agency in Nevada
• Describe the fiduciary duties agents owe to clients
• Develop practices to prevent breaches of fiduciary duty
• Describe the disclosure requirements that Nevada licensees must comply with
• Explain how agency relationships may be created and terminated
• Understand agents' ethical duties to clients, customers, and other real estate professionals