Section 1. California Property Ownership and Land Use Controls
Section 2. California Laws of Agency and Fiduciary Duties
Late one afternoon, a listing broker was holding an open house at 125 Woodriver Drive in CA. Seeing the "Open House" sign, a prospective buyer came in to look at the home. After several questions about the house and local school system, the inexperienced buyer asked the listing broker for suggestions on how to negotiate successfully for the Woodriver Drive residence. The listing broker answered the questions as helpfully as possible. However, because the broker was tired, the broker did not raise the issue of agency representation, compensation, or even ask for the prospective buyer's name. The following morning, the prospective buyer started to act on the listing broker's advice. What type of agency, if any, was created with the prospective buyer?
a. Implied agency
b. Express agency
c. An agency relationship cannot be formed without first learning basic information like names.
d. Because compensation was never discussed, no agency relationship was created.
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Section 3. California Property Valuation and Financial Analysis
Section 4. California Real Estate Financing
Section 5. California Real Estate Transfer
Section 6. California Real Estate Practice
Section 7. California Real Estate Contracts