Learn how to recognize the types of business arrangements and personal relationships which give rise to conflicts of interest for agents in real estate transactions, how to identify conflicts of interests, and disclose and obtain consent to the relationships presenting a conflict of interest.
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Learn to identify conduct giving rise to dual agency representation and understand dual agency as a conflict of interest requiring prompt disclosure and consent.
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Covers: Competing professional or personal biases which hinder a licensee’s ability to fulfill the fiduciary duties owed to their client; Disclosure of an acquisition of any direct or indirect interest in the property.
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Lean to recognize when arrangements, situations, and relationships can give rise to conflicts of interest in the preparation of a broker price opinion (BPO);
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This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a real estate corporation, later leading the designated officer to voluntarily surrender their broker license, for allowing an unlicensed employee to solicit and contract with their principal, and failing to disclose a conflict of interest.
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A broker or agent uses RPI Forms 119 and 527 to create transparency when additional compensation or a competing personal bias exists in a real estate transaction.
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Grant of an option to buy a property at a predetermined price if the property does not sell during the listing period, and the guaranteed sale variation
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Calculating compensation and the conflicts of interest under a net listing
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Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video clarifies violations of appraiser independence rules. For course credit toward renewing your NMLS license, visit firsttuesday.us.
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A variation of the exclusive right-to-sell listing in which the seller grants the broker an option to buy the property at a predetermined price, if the property does not sell during the listing period.
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Office Hours with Professor Bill is a multimedia learning experience covering fundamental real...
Read MoreDownload the Form This form is used by an agent or broker when a conflicting situation arises between the agent or broker and another principal or third-party to the transaction, to disclose relationships or positions held by...
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With the Conflict of Interest Disclosure form and Dual Agency Disclosure form, brokers and their agents are able to document their fiduciary duties to properly represent their clients.
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Refresh your knowledge on conflicts of interests and the importance of disclosure in this week’s Brokerage Reminder.
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A conflict of interest is when a broker or their agent has a competing professional or personal bias which hinders their ability to fulfill their fiduciary duties.
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When a broker has a professional or personal bias which might hinder their ability to fulfill their fiduciary duty, a conflict of interest arises.
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A review of the Winter 2018 DRE Real Estate Bulletin.
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