Chapter 7 Part 1 Agency Introduction

Recorded 07232018
Basic Introduction to Agency
Agency Terms

[@luisthebroker]

To aid in your studies, here are some markers to point you to specific talking points. Enjoy... 1:40 The Reality of Teams in Agency 3:00 Your responses to questions from interested parties depend on what "team" are they on. Buyer or seller. 3:50 Think of agencies as a Team Sport 5:10 Partial Job description of a Real Estate agent 6:33 Limitations of Real Estate agents 9:10 Not the PERSON only, but THE FIRM is the agent. 10:05 You as the visible representative agent represent the entire firm. 10:40 Even though you are the face of the agency, doesn't mean you are the SOLE worker in the transaction. 11:20 legally all in the firm are included. 22:50 repeating that the firm, not the individual only, is represented. 24:35 the car dealership example. 25:00 all the way to 28:00 talks about "buyer beware" 28:38 having a Real Estate license, you are expected to perform at a higher level of responsibility. 29:43 FSBO's have no seller representation, buyer is responsible. 32:00 Agency History Lesson 38:10 where the idea of buyers agent came from 50:00 all the way to 59:00 more history lessons about how buyer agency came to be. 59:00 what to do when an unrepresented buyer asks advisable questions to sellers agent. 1:00:05 example of unreperesemted buyer doing a transaction with Travis, the skilled agent. 1:02:36 importance of looking for any and all advantages for the benefit of the firm. 1:03:58 the disservice of soliciting dual agency. 1:15:30 examples of sub agency Hope these help navigate you, or to supplement your studies. Thanks Travis for making your classes available!!!!

[@virtuallycyndee]

Can you do this to the other vids pls... Appreciate you.

[@couponing4ever]

thank you :)

[@TheFinalThoughtofMaat]

Thank you

[@t.b.1755]

I am just adding this comment on a random video clip. I passed my NC pre-licensing course today and I know Travis you've heard this 1000 times but you played a major part in that. As I was sitting my exam today I could hear your voice in my head and I was using that info as I sat there. Thank you sir.

[@unbreakablerogue]

Indeed he is awesome!!

[@otisfotis]

By far, the best instructor who really is passionate about teaching people by simplifying everything..I leaned more about pre-licencing just watching his clips than what I've learned from taking in person courses... really glad that I found him online!!

[@darkstars3247]

You are the best Instructor mark my words you deserve an award. You explain everything so clearly and just had huge eye openers on real estate. Thank you so much for recording your videos love you man!

[@traviseverette]

Wow, thank you!

[@darkstars3247]

Travis Everette np!!

[@varaceliareasm]

​@@traviseverette please dm me, I need 🙏 you desperately, I had been trying 10 times already and no pass

[@ironmen23]

Travis, thank you so much for these videos. I’m currently in pre licensing school and although I have a good instructor your videos help me on another level!

[@Emisea23]

Travis thank you SO MUCH for your videos. I feel like I’m in class with you and learn so much from you. I’m currently taking the pre-licensing class and have this new system where I read the book, watch your video, and then by the time I’m in class I’m hearing or seeing the material for the 3rd time. You are incredible and have such a knack for helping things click and give great analogies. Thank you again 🙏🏼

[@constanzathornton1600]

I just passed my Estate Exam and it is in big part for these videos. You really have a gift for teaching! Thank you so much Travis!

[@traviseverette]

You're very welcome!

[@goldenmima1777]

What are some of the video you find really helpful on passing? There are so much videos😫 my exam is an a couple weeks do I have to watch all of them?

[@theonlytati]

@@goldenmima1777 how did you do?? I am watching ALL of them! Good luck on your journey 🥳

[@ilikedogs870]

The GOAT

[@andreaandrejic73]

Thank you, Travis!!! I just got my MD real estate license, and it’s thanks to you! Your videos were extremely helpful, before them I was so lost, especially since English isn’t my first language, you really helped me out understand everything. Will continue to watch your videos because I think you give an amazing advices from the real world when it comes to real estate. I took a real estate classes before, and they just thought us how to pass this exam following the book. And I was so confused and didn’t learn anything after my class was over. You gave so many helpful information that anyone can understand. Thank you so much! 🙏🙏🙏🙏🙏

[@adrianeliggins2408]

“You want the dumbass” I LOVE the way you teach Travis!!!!! Literally keep your videos on repeat

[@deniiyareed]

Travis, THANK YOU!!!!! Who knew some of the best teachers work in Real Estate 🏡 I passed my real estate exam because of your help!!

[@prestonwillis7253]

Congrats! I love his videos also, any pointers or tips for the exam?

[@deniiyareed]

preston willis Hey Preston....Quizlet really helped me. I did all of the exams in the book, the guide, and the online tools but Quizlet allowed me to apply the knowledge and know the definitions. Once you really understand the words (Quizlet) you can easily identify wrong answers. I woke up every morning and did Quizlet. I hated it but it worked. Make sure you do fill in the blank. It’s a pain but so worth it.

[@deniiyareed]

preston willis Good luck...you got this!!

[@prestonwillis7253]

De'Niiya Reed thank you.. I will take your advice for sure!

[@BodyByKymXclusive]

This is the best video I have ever watched on KZbin regarding agency

[@traviseverette]

Well thank you!

[@Lady-br3zy]

I did Dumbbie, He had me rolling. He keeps your attention with keeping you engaged and you are still learning.

[@crystal5930]

I passed my exam!! Thank you Travis for your videos your an excellent teacher!

[@natalieallen7753]

Congrats!!! 🎉

[@tylerroserunner]

Travis, thank you so very much for making these accessible to those of us working our way into this amazing career. You’re appreciated more than you know sir!

[@ThePatricktam]

I’m so glad I found you

[@JerseyChaka]

“Are you with me in that” I love it. Thank you. I have taken a Pre-License course and just finished a 2 day cram, in GA. I found Travis and although it’s a different state most of it applies to Georgia law. I can’t tell you how much I’ve learned and was able to paint the pinyin my mind listening to you. Made my class easier! Thank you again!

[@JohnnaBateman]

Chaka Dakers hey did you pass?

[@MrStrongBro]

I’m in GA too! How have things been? I hope business has been spectacular!

[@PaperPlateClorox]

Pre Covid learning 😍

[@thepreciousone6529]

Thank you for sharing your knowledge FOR FREE!! You are awesome! “Period! Amen! End of Discussion!”

[@traviseverette]

You are so welcome

[@ericamalbacias1763]

I love Travis!! I been watching all his videos even though I took the exam 2 years ago and failed I’m pretty sure I will pass this time by watching and learning from Travis!! He’s definitely the GOAT I wish I could meet him!!

[@MortonMustangVolleyball]

54:50! The passion 💪🏽 I need to work for your “firm” Create a firm in Illinois!

[@ssirtina]

I’m not sure where I started watching but somewhere around this video I would say. I’ve been struggling with the state portion of the exam and passed tonight and I credit these videos period not up for debate. Thanks Travis

[@traviseverette]

I'm glad it helped!

[@ymartinez3]

Travis you are entertaining and I love the explanations you give. I am currently taking the class and I have been listening to your videos to help me retain and to help me understand it better. Thanks a bunch.

[@stevenhill2256]

Travis, I am taking the pre-licensing course in NC and my mom has been watching your videos with me. She LOVES you LOLOL. She even listens to you while she is at work or driving "I just love listening to his stories! It's like a podcast!' lol

[@Tanoythames]

This is so amazing, Travis you are an amazing teacher.

[@MortonMustangVolleyball]

Love your energy and passion Travis! Will make it routine to watch your videos everyday until I pass this damn Illinois exam!

[@childsplaycreativearts3121]

I’m taking the IL exam on Tuesday, have you taken it yet, Jonathon?

[@FredEddison]

I’m a land surveyor looking to get into real estate and your videos are a tremendous help. Thank you for putting this up. And the way you described titles deeds and grants was awesome. You blew their minds lol

[@traviseverette]

Glad it was helpful!

[@sellingcorrect461]

Wouldn't it be called dual agency. When you are representing the buyer and seller.

[@tippytoes3294]

I’m staying due to the southern drawl. Plus he teaches well!

[@Gords38897]

excellent teacher

[@mommyguru7300]

I’m watching it as I’m taking the class

[@Claudia-Vergara]

I am watching from Texas does this still apply here?

[@Khmer-Kids]

What's the diffident between Agency, contractor, mandate and brokerage contract?

[@krissynicole788]

This honestly just confused me. I’m in Michigan does this pertain to my state

[@hildarodriguez3219]

Good explanation

[@JosephMcCanne]

Anybody familiar with Georgia law? Curious if GA allows one firm to represent both buyer and seller

[@michaelynshelton]

Thank you🙂

[@welchllc]

Good stuff

[@lynettebrown3457]

Hello Mr. Everette, are you still teaching in NC?

[@ginad7236]

Can anyone please tell me what is the name of the book that you guys use on this class? If it’s possible .thank you

[@arsims6434]

Modern Real Estate Practice in North Carolina (?10th edition)

[@greysiolivo8812]

Thank you Travis!! Do you used the Dearborn Real Estate book???

[@Lillybidillie]

That thing is a NIGHTMARE!!!!

[@cindychesney6490]

What book do you teach from

[@perezswag128]

Do you happen to have an email address ?

[@sgtmorrow008]

Why would a cooperating broker refuse subagency with a listing broker and represent the buyer as their broker ??

[@traviseverette]

People make all sorts of agency decisions based on the situation. I would say it is much more natural as a cooperating broker to wish to be a buyers agent than a seller subagent.

[@woofdoogy]

@23:50 wtf is she wearing😂😂😂 and showing up super late

[@codyw4022]

That sir is someone you don't representing you in a sale. Late, skimpy clothing, and wild hair. You do the math lol

[@YolandaPerez]

For real though I was like what in the world?!

[@itsmisstrinab2810]

Lol

[@mommyandme1225]

omg I was thinking the same thing. The AUDACITY to have a seat in the front of a recorded class and want to be late & dressed very unprofessionally. Lol

[@shawnprout3165]

Oh Wow..she dared to show her midriff for a few seconds in the middle of the summer. Don't see you complaining about the men wearing shorts and a jersey! Grow up.

[@goldensleeves]

QUESITON: When you say "the agent is actually the real estate FIRM"... is that true in Tennessee as well??? Why do we call people "real estate agents" if the real agent is the firm itself???

[@savannaharcher3021]

Each state has different laws. Travis videos are to be applied north Carolina and resprocrcity states.

[@goldensleeves]

Savannah Sims thanks for the response Savannah. Yes, I am aware of that but I’m wondering if that’s also true in Tennessee. Any idea?

[@yume816]

Because you work under broker, agreement is between broker and client, transaction can still continue even if you have leave of absence

[@michelineathis3832]

@@savannaharcher3021 to

[@segiotrujillo6310]

can we access your power points////

[@antoinettedamon3981]

I would love that!

[@prewettcr]

Where is the agency disclosure and when should it be explained and signed? This REQUIRED DISCLOSURE must be explained at first substantial exchange. Does he ever discuss this this?

[@traviseverette]

I discuss it in great detail as we progress through the agency topic. One can't understand the concept of disclosing agency until one understands the concept of agency itself.

[@MortonMustangVolleyball]

No one got the “Bo Knows” reference 🤦🏽‍♂️

[@reesej8439]

What is a listing syndicate ? We didn’t learn that ay HPW and that’s on the state test. And also we didn’t learn anything about a silent lease and it’s not in the book

[@traviseverette]

I would need a lot more context on both. My guess is that they mean a syndicated listing. That would be a listing that has been sent out to multiple websites (likeZillow, etc) for further exposure. I would have no idea what a silent lease is

[@fadeaway6202]

I took the state exam on 1/23/19 and both of these questions were on the exam. I have to retake the state portion and also need some clarity on these two terms

[@fadeaway6202]

the silent lease question was asking if the tenant had a silent lease and the landlord sold the property, would the new owner be able to cancel the contact. The choices were something like: the tenant will be able to finish out the lease, or the tenant's lease will be cancelled, or the new owner will not be able to occupy the building until the tenant's lease is over.

[@Alandus64]

Agency Agency

[@natalieallen7753]

POV: You’re watching in 2024 worried that buyer agency is going to go away amidst the NAR settlement 👁️👄👁️