The document discusses several key topics in real estate agency law including the source of agency law in common and statutory law. It defines different types of agency relationships such as general, special, and universal agency. It also outlines the roles and duties of various parties in a real estate transaction including brokers, agents, principals, and customers. The document also covers topics like types of brokerage business ownership, size of brokerage firms, agency disclosure requirements, creating and terminating agency agreements, and protections under the Texas Deceptive Trade Practices Act.

2. Law of Agency
 Source of Agency Law
› Common Law
› Statutory Law

3. Agency Positions and Disclosure
 Classification of Agency
› Special Agency
› General Agency
› Universal Agency
 Agent’s Scope of Authority
› Actual Authority
 Roles in Agency Relationships
› Principal - Client
› Agent - Broker
› Third Party – Customer
› Multiple Listing Service (MLS)

4. Agency Positions and Disclosure
 Misrepresentation or Concealment of Material Facts
 Duties a Real Estate Agent Owes to a Client
› Fiduciary Duties Owed to Clients
› Statutory Minimum Services to Clients
 Duties a Client Owes a Real Estate Agent
› Performance
› Compensation for Performance
› Reimbursement of Expenditures
› Indemnification
 Duties a Real Estate Agent Owes to Customers

5. Brokerage and the Nature of the Brokerage Business
 Types of Business Ownership
› Sole Proprietorship
› Partnership
› Corporation
› Limited Liability Company
 Size of the Brokerage
› Small Independent Firms
› Large Independent Firms
› Franchises
 Disclosing Brokerage Services and Agency Relationships
› Disclosure of Representation
› Disclosure of the Agency Relationship

6. Brokerage and the Nature of the Brokerage Business
 Creating & Terminating Real Estate Agency Relationships
› Brokerage Agreements
› Terminating Brokerage Agreements
› Irrevocable Agency
 Creating an Intermediary Relationship
› Consent
› Disclosure
› Appointing Licensees

7. Texas Deceptive Trade Practices Consumer Protection
Act
 Exemptions from Liability of the DTPA
› Exempt Transactions
› Exempt Professional Services
› Exceptions to the Professional Service Exemption
 Specific Violations