Apply the fundamental knowledge of the following in the context of real estate agency:

• Meaning and creation of agency relationships (including the use of prescribed Estate Agency Agreements).
• Differences between exclusive and non-exclusive agency.
• Agency as a contract uberrimae fidei, i.e. contract of the utmost good faith.
• Agent’s authorities as viewed by principal and third party.
• Rights and duties between principal and agent (e.g. right to commission and duty to transmit all offers) and to third party.
• Termination of agency relationships.
• Remedies for breach of duties by principal, agent or third party.