Agency Classifications | Real Estate Exam Prep Videos
This real estate exam prep video continues our discussion on Agency in real estate transactions. This video specifically talks about the different classifications of Agency. In this real estate exam prep video, the following key real estate terms are discussed:
Special Agency - Agency classification that's for one specific act, and the agent has limited time, purpose and limited authority in representing their client.
Limited Buyers Agency -
Limited Sellers Agency -
Dual Agency -
Subagency - A specific classification of agency that requires the limited buyers agent to represent the seller in a real estate transaction.
General Agency - Authorized by the principal to transact all affiars for the client.
Universal Agency (a.k.a. Common Law Agency) - Typically established by a Power of Attorney, the agent is authorized to perform any act that's lawful for the client.
Implied Agency (a.k.a. Agency by Estoppel, Ostensible Agency) - An Agency Relationship created by the conduct or actions of the of the principal and agent.
Agency by Ratification -
Best of luck with your studies...
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You can find me hanging out most days on Facebook!
Facebook: https://www.facebook.com/askpaulv
New real estate exam prep videos uploaded 2-3x per week to students pass their real estate exam. Feel free to leave a comment, suggestion, or questions asked in the comment section.
Email me: PaulVojchehoske@gmail.com
Paul Vojchehoske
Mr. Real Estate Seminars, Inc.
The Real Estate Classroom
P. O. Box 540725
Omaha, NE 68154
(402) 660-0395
This description may contain affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!
P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.
Cheers,
Paul Vojchehoske
Видео Agency Classifications | Real Estate Exam Prep Videos канала The Real Estate Classroom
Special Agency - Agency classification that's for one specific act, and the agent has limited time, purpose and limited authority in representing their client.
Limited Buyers Agency -
Limited Sellers Agency -
Dual Agency -
Subagency - A specific classification of agency that requires the limited buyers agent to represent the seller in a real estate transaction.
General Agency - Authorized by the principal to transact all affiars for the client.
Universal Agency (a.k.a. Common Law Agency) - Typically established by a Power of Attorney, the agent is authorized to perform any act that's lawful for the client.
Implied Agency (a.k.a. Agency by Estoppel, Ostensible Agency) - An Agency Relationship created by the conduct or actions of the of the principal and agent.
Agency by Ratification -
Best of luck with your studies...
✅ Subscribe for more FREE tips on how to do YouTube better:
https://www.youtube.com/therealestateclassroom?sun_confirmation=1
➡️More Real Estate Exam Prep Videos
https://www.youtube.com/channel/UCX8T62xtXly22K9l-VEOHuA/playlists?view_as=subscriber
🛑Recommended Videos
Agency Relationships: Fiduciary Duties
https://youtu.be/YoMzFO_cKWA
💕My Most Watched Videos:
Real Estate Agent Bookkeeping Spreadsheet - Updated for 2020
https://youtu.be/0l7kWqs5eoQ
👉 The Real Estate Agent's Business Plan Template:
https://youtu.be/Ci29MOCYRx4
You can find me hanging out most days on Facebook!
Facebook: https://www.facebook.com/askpaulv
New real estate exam prep videos uploaded 2-3x per week to students pass their real estate exam. Feel free to leave a comment, suggestion, or questions asked in the comment section.
Email me: PaulVojchehoske@gmail.com
Paul Vojchehoske
Mr. Real Estate Seminars, Inc.
The Real Estate Classroom
P. O. Box 540725
Omaha, NE 68154
(402) 660-0395
This description may contain affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!
P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.
Cheers,
Paul Vojchehoske
Видео Agency Classifications | Real Estate Exam Prep Videos канала The Real Estate Classroom
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