Under common law, the charge of the fiduciary was to “conduct themselves at a level higher than that trodden by the crowd.” (Meinhard v. Salmon) As you’ll see in this course, modern agency laws are more specific, but they are still more than just a net of rules to ensnare a real estate salesperson. They are duties and principles that guide your role as an agent.
Although customs and cultural attitudes toward housing become more diverse with every passing day, selling and rental practices must comply with fair housing laws and rules that might override custom, cultural habit, and personal preconceptions.
This course includes 1 hour of Agency and 1 hour of Fair Housing.
This course will help Minnesota real estate licensees understand the fundamentals of practicing within the fiduciary requirements of an agency relationship with their clients, and how to incorporate the MNAR approved Agency form with their real estate practice. It will also help Minnesota real estate licensees understand the requirements and responsibilities required by the Fair Housing Act, and how to choose best practices in compliance with the act in both sale and rental situations.
Section 1: Agency
Chapter 1: Introduction to Agency
Chapter 2: The Six Most Common Fiduciary Duties
Chapter 3: Agency Relationships and Agency Disclosures
Section 2: Fair Housing
Chapter 1: Fair Housing and How it Affects Real Estate Agents
Chapter 2: How to Comply with Fair Housing
Chapter 3: Legal Fair Housing Case Histories