How much it counts
| Vendor | Outline area (salesperson national) |
|---|---|
| Pearson VUE | Real estate contracts and agency (16, shared with contracts) of 80 scored items |
| PSI | Agency 13% of the national portion |
Study notes
- Duties to a client are usually taught as OLDCAR: obedience, loyalty, disclosure, confidentiality, accounting, reasonable care.
- Customers vs clients. A customer is owed honesty and fair dealing; a client is owed fiduciary duties.
- Creation: express (written or oral agreement) or implied by conduct. Termination: completion, expiration, mutual agreement, death or incapacity, destruction of the property, bankruptcy.
- Dual agency and designated agency are state-defined. Some states prohibit dual agency (Florida does; it uses transaction brokerage).
Exam traps
- Loyalty vs honesty to the other side. You must not lie to the customer even while advocating for your client.
- Confidentiality survives the end of the agency in many states.
- Disclosure timing is state law - memorize yours from your state page.
Educational summary, not legal advice. State law can change the rule - your state portion tests your state’s version.
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