Maryland Continuing Education COURSE
DL/MREC Brokerage Relationships & Disclosures and Seller Disclosures (BRAD-SD) (Course Topic: K)
Real estate licensees need to fully understand the duties they owe to clients and customers, as well as the duties they can perform without breaching obligations owed to clients. Brokerage relationship issues are a significant source of disputes (REALTOR.org has referred to them as “the largest single number of residential real estate-related cases").
Keeping up with legal updates, knowing what to disclose, when to disclose it, what to keep confidential, and all the other detailed requirements built into brokerage relationships is crucial for a successful, legal real estate practice.
This three-hour course offers a thorough review of what it means to establish brokerage relationships and dual agency situations, understand duties owed to all parties, provide accurate disclosures, and more.
Course highlights include:
- Review of brokerage relationship law
- Brokerage agreements
- Duties owed to clients and customers
- Confidentiality to clients
- Minsterial acts
- Dual Agency
- Intra-Company agency
- Real estate teams
- Open houses and agency disclosure
- Conflicts of interest and dual agency
- Brokerage relationships and property inspections
- Ground rent situations
- The Maryland Residential Property Disclosure and Disclaimer Statement and exemptions
- Whether to disclose or disclaim