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Agency Contracts and Terms ADRE Course No. ____ - 3 credit hours in Agency Law by Nori Muster Objectives: A solid review of contracts, disclosures, and terms of agency law. Length Topic Objective Teaching Method 5 Introductions 25 Overview The basic contracts Lecture, discussion (Overhead projector shows the purchase contract and two listing agreements, the residential resale ER and AR.) 20 Further Discussion The basic disclosure forms Lecture, discussion (Overhead projector shows the agency disclosure, limited representation, and seller waiver forms.) 10 Break 10 Basic definitions What is meant by "agency"? Lecture, discussion (Overhead projector shows the definition of agency, as well as the duties of fiduciary representation.) 10 Basic definitions Who is represented? Lecture, discussion (Overhead projector shows the definition of principle, agent, and customer.) 10 Basic definitions What is voluntary agency? Lecture, discussion (Overhead projector shows the definition of voluntary agency.) 10 Basic definitions What is implied agency? Lecture, discussion (Overhead projector shows definition and examples of implied agency and the Statute of Frauds.) 20 Basic definitions What is dual agency? Lecture, discussion (Overhead projector shows definition and warnings about dual agency.) 10 Break 15 Basic definitions Termination of agency Lecture, discussion (Overhead projector shows the three ways to terminate an agency agreement: bilateral, completion, or unilateral.) 20 Summary Practice filling out the agency disclosure Class participation (Overhead projector shows the agency disclosure form; class members participate in filling it out according to a scenario the teacher or class members suggest.) 10 Question and Answer Session Group questions 10 Evaluations Evaluate course Student activity 185 minutes total (less 5 minutes for introductions, 20 minutes for breaks, and 10 minutes for course evaluation) = 150 minutes of instruction = 3 credit hours The Agency Contracts and Terms class materials are posted at http://classes.norimuster.com/agency.html |