Wyoming Real Estate 8 Hour Agency & Contracts

This 8 hour continuing education course provides real estate licensees in Wyoming a thorough exploration of ethical concepts, contract law (composition, validity, use), agency relationship agreements, rights and responsibilities of various parties in and around a real estate transaction, and violations related to representation. Upon completion, students will be able to do the following:

• Operate within the regulatory framework of federal and state law, especially RELA
• Provide quality representation to clients of all types
• Employ ethical practices in their business dealings
• Demonstrate a balance of duties to the business, employees, society, and self
• Respond to certain ethical dilemmas with poise and problem-solving
• Place one's duties to the client above other interests (to the extent of the law)
• Prepare clients for their responsibilities in an agency relationship
• Distinguish between real estate professionals and clients versus customers
• Choose the appropriate listing agreement to fit the situation
• Predict and resolve conflicts of interest
• Decide how a buyer may best be represented, if that is what is desired by both
• Suggest when dual agency or an intermediary relationship may suit both sides in a transaction
• Emphasize limitations of agency when a customer has not accepted an relationship agreement with the brokerage
• Provide proper agency disclosure to relevant parties
• Dramatize consequences for unauthorized practice of law and fair housing violations
• Distinguish the uses and types of different contracts
• Predict the consequences and possible claims of breach of contract
• Discover remedies that may be ordered or negotiated for damages due to breach
• Interpret common contract clauses for personal reference
• Disassemble the parts, rights, and responsibilities involved in offers and purchase agreements
• Utilize different leases to suit the situation (as license allows)
• Compute the financial elements in lease agreements
• Construct a template buy/sell agreement for use in one's business
• Utilize WREC forms in real estate transactions wherever possible
• Assume the responsible broker has proprietary interest in listing agreements
• Apply and relate key lessons from the course to real world scenarios

Videos, stories, and imagery are utilized throughout the course to enhance comprehension for visual and auditory learning styles. After each lesson, students will be asked a single question about the material. Four incremental quizzes will test the students' knowledge. Successful completion of all material will unlock the Certificate needed for license renewal.