Understand how real estate agency works, from contracts to commissions, with clear guidance you can apply in practice.
This comprehensive reference, titled American Law of Real Estate Agency, offers practical insight into the duties of principals and agents, the rules around brokers, and how various agreements shape outcomes in real estate deals.
Structured for quick reference, it covers the rights and duties of both sides, how to handle arrangements with sub-agents, and the policies that govern commissions and public policy in real estate transactions. The book distills courtroom and statutory concepts into accessible, actionable guidance for professionals and students alike.
- Key definitions and roles in agency, including brokers, principals, and sub-agents.
- Rules on exclusive employment, duration of agency, and termination of the relationship.
- What affects commission rights, including when agencies terminate, extend, or fail to close a deal.
- Real-world scenarios and examples shaping practice in options, sales, exchanges, leases, and loans.
Ideal for readers of real estate law, brokerage professionals, and students seeking a solid foundation in agency principles and their practical application.