Course Length: 5 Hours
CE Credit: Consumer Protection
After your purchase is complete, you may access your Online Education course(s) by visiting www. onlineed.com/car
You will have up to ONE (1) year from the date of purchase to access and complete this course.
Also part of Ed-Pak 45
This course is designed to give the licensee a comprehensive overview of buyer agency. The history of the shift from mandatory sub-agency to buyer representation that converted the buyer from a customer to a client is discussed in great detail. Once the buyer was given client status, the agent representing the buyer was required to perform his/her duties according to the high fiduciary standards of agency law. These fiduciary duties are discussed along with the duties the buyer's agent owes to third parties. Brokerage company agency policy options are evaluated in the context of buyer agency. The California Agency Disclosure law is also presented to insure the licensee understands the details of agent disclosure compliance. Buyer Representation Agreements are discussed along with the various stages that a buyer's agent must necessarily go through during the representation of a buyer-client. Finally, a brief discussion regarding the marketing of a buyer's agent services is presented.
This course is composed of approximately 5 hours of reading material. The course is divided into segments with a review quiz at the end of each segment. At the end of the course, a final examination is required. The final exam is administered online. Access to the final exam will only be granted once the security information entered at the time of course enrollment is verified by OnlineEd's system. The final examination consists of 15 multiple choice questions. The final exam must be completed in 15 minutes as required by current California Bureau of Real Estate regulations. A test score of 70% or greater is required for course completion. The final examination is not downloadable or printable. BRE requirements allow for ONE re-take of a failed final exam. Retake exams will consist of different questions than those served on the first attempt. A second failure will result in a failing score for the entire course and the course must be retaken for credit.
BRE Disclaimer Statement
This course is approved for continuing education credit by the California Bureau of Real Estate. However, this approval does not constitute an endorsement of the views or opinions which are expressed by the course sponsor, instructor, authors or lecturers.