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Agency Relationships: Fiduciary Duties | Real Estate Prep Exam Videos

Agency Relationships begin with the fiduciary duties agents owe to their clients. In this video, we will discuss the parties to a real estate transactions, and the duties the agent (licensee) owes to their clients and customers. Key terms discussed in this real estate exam prep videos are: Agency Relationship - The legal relationship between the principal/client and the agent/licensee. Fiduciary Duty - Duties that involve trust and confidence. A fiduciary duty is an obligation to act in the best interest of another party. Agent / Licensee - Someone who holds a real estate license and is authorized to represent another in a real estate transaction. Client / Principal - Hires another party (Agent/Licensee) to represent them in a real estate transaction Customer / Unrepresented Party - A party to a real estate transaction that is not being represented by an Agent/Licensee Best of luck with your studies... ✅ Subscribe for more FREE tips on how to do YouTube better: https://www.youtube.com/therealestate... ➡️More Real Estate Exam Prep Videos    / @therealestateclassroom   🛑Recommended Videos Patent Defects vs. Latent Defects    • Patent Defects vs Latent Defects | Re...   💕My Most Watched Videos: Real Estate Agent Bookkeeping Spreadsheet - Updated for 2020    • Real Estate Agents Bookkeeping Spread...   👉 The Real Estate Agent's Business Plan Template:    • (Part 1) Real Estate Agent's Annual B...   You can find me hanging out most days on Facebook! Facebook:   / askpaulv   New real estate exam prep videos uploaded 2-3x per week to students pass their real estate exam. Feel free to leave a comment, suggestion, or questions asked in the comment section. Email me: [email protected] Paul Vojchehoske Mr. Real Estate Seminars, Inc. The Real Estate Classroom P. O. Box 540725 Omaha, NE 68154 (402) 660-0395 This description may contain affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support! P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction. Cheers, Paul Vojchehoske