Students, open the attached "Policies and Procedures Manual". You will see that it is pages long and lists John Smith Properties (a fictitious brokerage) as the Broker and company. In the manual you will find the company's policies and procedures regarding various legal, ethical, fiduciary, agency, accounting and managerial roles. You are to read through the manual and comment on the Discussion Board with a minimum of words on specific examples of how this company deals with various Law of Agency issues such as Buyer's Representation, Seller's Representation, Intermediary, accounting of funds, disclosures, employment, DTPA, ethics, Property Management, use of forms, etc. After you have commented, post your answers to these 2 questions below your comments Policies and Procedures Manual - Law of Agency Project Sample.pdf

QUESTIONS:

1. What do you think would happen if the company had no Policies & Procedures Manual and why?
2. What would you ADD to or SUBTRACT from the manual if you were the Broker of Record?

You are required to review at least 2 other students posts on this Discussion Board as well and comment on their post.