AAA: All About Agency
Agency is integral to your real estate practice. You'll want a clear understanding of which duties you owe to clients and customers, and which duties can be performed for others without breaching obligations to your clients. Knowing what to disclose, when to disclose it, what to keep confidential, and all the other detailed requirements built into agency relationships is crucial for a successful, legal real estate practice.
This six-hour course provides New Jersey licensees with an understanding of the agency relationships that can be formed with buyers, sellers, tenants, and landlords, and the parameters for the services that may be offered with each type of relationship. It also helps prepare you to explain agency relationships to consumers and appropriately manage consumer expectations.
Course highlights:
- Agency-client relationships; the difference between a client and a customer, and how agency relationships are created
- Agency definitions and an agent’s fiduciary duties
- Types of agency relationships
- The importance of agency disclosure
- Agency considerations in the context of property management
- The importance of safeguarding client funds and confidential information
- Buyer agency and of seller agency
- Activities and scenarios to reinforce key concepts
State Requirements For New Jersey
New Jersey State Requirement Details for Real Estate Broker, Broker-salesperson, and Salesperson Continuing Education
Renewal Date: June 30th of odd-numbered years. Continuing Education must be completed by April 30th of odd-numbered years.
Hours Required: 12 hours
- 6 hours in core topics
- 1 hour in Fair Housing & New Jersey Law Against Discrimination
- 2 hours in Ethics
- 1 hour in Agency
- the remaining hours in any core topic
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Agency
- Disclosure
- Legal issues
- Ethics
- Fair Housing
- Rules and regulations
- Real estate licensee safety
- Financial literacy and planning
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- 6 hours of elective courses - A mix, or all of the same, of any of the following four CE types: ELECTIVES or ETHICS or CORE or FAIR HOUSING
Note: Salespersons initially licensed in the FIRST year of the NJ real estate license term ARE REQUIRED to complete CE requirements in order to renew their license for the next term. Salespersons initially licensed in the SECOND year of the NJ real estate license term shall not be required to fulfill any continuing education to renew their license upon the conclusion of that license term.
New Jersey Real Estate Commission
Street Address: 20 West State Street, Trenton, New Jersey 08608
Mailing Address: PO Box 328, Trenton, New Jersey 08625-0328
Telephone: (609) 292-7272
Email: realestate@dobi.nj.gov