Portland Community College | Portland, Oregon

Course Number:
RE 114
Course Title:
Real Estate Agency Law
Credit Hours:
Lecture Hours:
Lecture/Lab Hours:
Lab Hours:
Special Fee:

Course Description

Topics covered are common law and statutory law aspects of agency. Satisfies Oregon Real Estate Broker pre-licensing requirements. Audit available.

Addendum to Course Description

This course serves two primary audiences. The largest audience includes students seeking to satisfy State of Oregon Real Estate Agency broker requirements for licensing and the smaller audience includes students wishing to generally expand their knowledge about real estate. To satisfy the licensing education requirements students must pass (75% score or better) a comprehensive multiple choice final examination.

Intended Outcomes for the course

The instructional goal of Real Estate Agency Law is to provide a comprehensive examination of agency, its common law aspects as well as statutory requirements, including

1.      The common law of agency

a.       concept

b.      requirements of creation

c.       fiduciary relationships

d.      liabilities of the parties

e.       termination of the relationship

2.      Affirmative requirements of an agent to clients and others as set out in ORS 696.805-.815

a.       agency disclosure

b.      relationship of statute to common law obligations

c.       fiduciary requirements of agents as required by the statute

Outcome Assessment Strategies

Students will be assessed by any combination of the following:

1.      Active participation in class

2.      Contextual written tasks (in or outside of class) to assess reading

3.      Oral responses to in class hypotheticals

4.      Request for real life applications of course material

5.      In class, interactive student role-plays

6.      Quizzes and practice exams following State of Oregon Real Estate Agency question format

7.      Final comprehensive examination patterned after Oregon Real Estate Agency license exam

Course Content (Themes, Concepts, Issues and Skills)

Include all or most of the following:

1.      Comparison of an agency relationship to a contract requirements

2.      Comparison of common law and statutory agency relationships

3.      Formation of common law agency relationship

4.      Common law fiduciary relationships

5.      Termination of common law agency

6.      Overview of ORS 696.805 to .815

7.      Agency disclosure rules under ORS 696.805 to .815

8.      Statutory fiduciary duties of agents under ORS 696.805 to .815

9.      Oregon property disclosure law