Real Estate Agency
Tennessee's agency law was passed in 1995 and went into effect on January 1, 1996. Tennessee's agency law takes precedence over the common law of agency in the practice of real estate, if a conflict exists between this legislation and common law ("common law" not always being consistent as it has been applied to real estate relationships). [This is just one of the reasons why "generic" agency education courses to prepare a candidate to take the Tennessee Real Estate Exam are often misleading or even incorrect when applied to situations in Tennessee.]
To prevent an "accidental" agency or dual agency - or a relationship created without the consent of both agent and client - the law provides that such a relationship cannot be created or implied by word or action alone, but only by a specific written agency agreement.
The law's list of duties to all consumers includes every licensee's duty to safeguard any confidential information from a consumer with whom the licensee is working, conveyed prior to that licensee's disclosure of an agency relationship ...to create a healthy "balance" between the client's right to know and a customer's expectations that personal or revealing information shared in apparent confidence will remain confidential.
Before providing any real estate brokerage services to a consumer, every licensee is to disclose to that consumer - at least verbally - the licensee's agency or facilitator status in the prospective transaction.
Agency status must be confirmed in writing "with an unrepresented buyer prior to the preparation of an offer to purchase." Agency status must be confirmed in writing "with an unrepresented seller prior to execution of a listing agreement or presentation of an offer to purchase, whichever comes first."
The cost of Real Estate Agency - TREC Continuing Education Course #121436: For the affordable cost of $29.95 you will receive your enrollment paperwork, ebook of the text and any needed instructional assistance. You will also receive your diploma via email. Do not miss this excellent opportunity to obtain your certified TREC continuing education WITHOUT LEAVING YOUR OFFICE ! !
PLEASE NOTE:
Courses may be repeated, even if previous credit has been awarded and posted to your TREC records. A course may be repeated as long as it is not repeated during the current licensing period for affiliate brokers continuing education and brokers post-licensure education.
College Credits: The Career Institute is not recognized by any particular college but students have reported college credit awarded by some institutions based upon Career Institute transcripts. If college credit is your desire and you want to transfer the credits to your local college, please determine if our transcripts will be acceptable and transferable to the college of your choice prior to signing up for our program.
