Instructor: Lynn Madison
Location: Chicago-area • Rockford
Start Date: Feb 21, 2020 • End Date: Feb 21, 2020
Credit Hours: 2 - Elective
Registration Information
Rockford Area Association of REALTORS®
Registration or 815-395-6770
Course Description
License law allows Dual Agency. If your company and your clients say “Yes”…. how do you balance the duties for both buyer and seller? This course focuses on best practices for meeting the needs of both sides of the transaction while keeping in compliance with the provisions of our Real Estate License Act.
LEARNING OBJECTIVES
- Students will recognize the proper time and methods for dual agency disclosure
- Informed written consent means the client must understand the agent’s relationship and what the licensee can and cannot do when acting as a dual agent
- Proactively positioning a client with careful education and management of expectations from the start will provide a solid foundation for clients to make their own decisions when their dual agent cannot make recommendations during negotiations
- Licensees will recognize the obligation to withdraw from representation if one client is not comfortable with the dual agency functions
- Students will identify what systems and structures would dictate if a Team should act as designated agents or dual agents.