REAL ESTATE

Agency is also a critical concept. Can you think of any circumstances when a real estate licensee didnt live up to his agency obligations to a client? Part of California agency law is that you must explain agency to a potential client prior to having them sign any contract (listing, buyer-broker agreement, lease, purchase contract, option). Discuss how you would explain what agency is and your obligations to the client? You cant just read them the verbiage on the agency disclosure form, you need to come up with real life examples.