Module 1

In this module, you will explore the relationship options available to a seller and a buyer when they are working with a brokerage. Throughout this module, you will learn how the duties and obligations can differ depending on the relationship established. This module will focus on an agency relationship being established and the associated authority that can be granted, the services a salesperson can provide to a seller or a buyer, and the prohibitions against contacting a seller or a buyer who has an existing relationship with another brokerage. As the relationship determines the obligations of all parties, the module highlights the importance of communicating relationship options and determining what the relationship will be as early as possible. This will help ensure everyone fully understands the obligations and expectations of the other party.