Agency [Mandatory]

Course Goals:

This course is designed to give the licensee a comprehensive understanding of the law of agency as it applies to the practice of real estate in today's market. The basic concepts of agency law are presented. The discussion of agency law is based upon both the common law concepts of agency and also the Nevada codification and expansion of agency law concepts. The fiduciary duties of the licensee are emphasized. Attention is also focused on the historical development of agency as it applies to the real estate industry. In this discussion, the concepts of seller representation, buyer representation and dual agency are examined in the context of modern brokerage practice. The specific requirements of the Nevada agency disclosure law and procedures are also presented.

Course Materials:

The course contains approximately fifty-one pages of text plus two appendices and four section quizzes. The section quizzes, cover page, first four introductory pages and appendices are not counted as course text content. The course is divided into five sections and two Appendixes. A review quiz of five questions follows Section 1, 2, 3 and 4. A quiz score of 60% or greater is required prior to being allowed to proceed to the next course section.

At the end of the course a final examination of 54 questions is required: forty questions are in true or false format. Fourteen questions are in a multiple choice format. A test score of 75% or greater is required for course completion.

The Real Estate Division requires that the final examination is not downloadable or printable. The student will be notified of the number of questions answered correctly after final examination has been completed. The student will not be given the questions which were answered incorrectly.