Arizona Agency Law

Overview

In the world of real estate, agency determines who a licensee represents as well as which parties are owed fiduciary duties. Understanding the legal issues around agency, the duties owed to clients and customers, and agents' disclosure obligations are critically important to stay in compliance with Arizona law. This course explores how agency relationships work in Arizona, examining who represents whom and the laws of that representation.

Find this course for your license

License or Certification

Regulator

Objectives

Explain the concept of agency, types of agents, and power of attorney
Describe agents' fiduciary duties as well as the consequences for breaching such duties
Discuss the professional conduct expected of Arizona licensees in an agency relationship
Demonstrate understanding of agency principles, conflict of interest, and vicarious liability
Evaluate dual agency scenarios for risks and pitfalls, including incomplete disclosure and self-dealing
Discuss agency relationship creation and termination
Explain the components of listing agreements and broker buyer agreements
Describe property disclosure obligations for sellers and listing agents
Communicate co-brokerage and compensation requirements, as well as mandates regarding real estate record maintenance

Designed For:

Arizona licensees who are renewing their licenses

Course Information

Adding additional credit may change exam requirements.

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