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3.0 hours Risk Management for Brokers

 Risk Management for Brokers  Course Video Image

Course Syllabus:



3 Risk Management for Brokers

After completing this course, the agent will be aware of their obligations; when dealing with and maintaining trust funds; as it relates to record-keeping and accountability; and to recognize the common violations which occur related to trust funds and the penalties resulting from these violations.

Instructor: Walt Hennessee
Author: Susan Davis, CDEI 644
Mandatory Seat Timer: No
Format: Online
Credit Hours: 3
Required Quiz Grade: 60
Exam Required: No

Content Review:
The Table of Contents page within each course will list the lesson titles and the expected time it should take the student to complete.

Availability of Course:
You will have 180 days to complete the course. The State course expiration date will override the account expiration date assigned at the time of purchase. Any expired, unfinished course will be replaced with a current state approved course, and will be available to you until your account expires. The courses can be accessed from any device connected to the internet at any time.

Alabama Real Estate Commission course approval number: 644

Course Objective

Introduction and Understanding the Basic Concept of Risk Management

Websites and Resources for Reference

Identify the Types of Money Held In Trust

Describe the Need for Trust Fund Accountability and Recordkeeping

Identify Trust Account Violations

State the Penalties for Mismanagement of Trust Funds

Describe the Various Business Accounts for an Agency and Determine the Financial Record Retention Process

State the Reconciliation Requirements for Trust Funds

Implement Systems for Documenting Compliance with Policies and Procedures and Develop Strategies to Adequately Train and Supervise Employee and Licensee Activities

Recognize and Avoid Illegal and Unethical Practices

Develop a System for Disseminating Information on New and Changed Requirements in Real Estate Laws and Other Regulations

Understand the Basic Facts about the Federal Fair Housing Act

Learning Activity: Video

Understand RESPA Compliance and Related Matters