#78228 – Reviewing Brokerage Agreements

Service Description

Reviewing Brokerage Agreements: Understanding Rule 520-1-.06 Course Number: #78228 Duration: 3 Hours Course Description: This 3-hour continuing education course, approved as Course #78228, provides Georgia real estate brokers with a detailed examination of the regulatory standards outlined in Rule 520-1-.06 regarding brokerage relationships. Designed to enhance legal compliance and professional practice, the course focuses on the essential elements of brokerage engagements, property management agreements, and the proper disclosure of brokerage relationships. Participants will gain a comprehensive understanding of how to structure and manage brokerage agreements to meet Georgia Real Estate Commission (GREC) requirements. Topics include the necessity of explicit terms, definite expiration dates, and the prohibition of net brokerage engagements. The course also covers the specific requirements for community association management, including the use of fidelity bonds or insurance policies. Through practical case studies and real-world applications, brokers will explore strategies for maintaining legal and ethical compliance, improving documentation standards, and protecting client interests. The course also emphasizes transparency in disclosures, the role of the licensee in transactions, and the importance of clearly identifying sources of compensation. Key Learning Outcomes: Comprehend Rule 520-1-.06 and its application in Georgia brokerage operations Understand how to legally structure and enforce brokerage and property management agreements Learn fidelity bond and insurance compliance for community association management services Develop best practices for written disclosures and documentation Apply ethical standards and GREC regulations to everyday brokerage activities Evaluate case studies to reinforce understanding of potential risks and solutions Satisfy 3 hours of required continuing education for license renewal This course equips brokers with the regulatory knowledge and practical tools needed to manage brokerage relationships confidently and compliantly—while fostering trust and transparency with clients.