California DRE Salesperson License & Examination Preparation License Requirements Exam Content
Agency & Fiduciary Duties

Agency Relationships

Creation, types and termination of agency, disclosure, buyer and seller representation, and third-party duties.

Identify the principal

Agency disclosure tells each party whom the broker represents.

Dual agency requires consent

Divided loyalty must be disclosed and authorized.

Agency can arise by conduct

Apparent authority and implied relationships create risk.

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