4.0 hours Risk Awareness – Course Syllabus

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Course Syllabus:

4.0 Elective Hours

Every real estate transaction involves trust. Buyers trust that the property is what it is supposed to be. Sellers trust that the buyer can pay the agreed-to sales price when they say they will. The real estate professionals, inspectors, escrow companies, and everyone involved must trust each other to deal honestly and fairly with each other.

This is what it takes to make a successful real estate transaction. When information is withheld from a party in a transaction, they feel their trust was betrayed. Disclosure of all pertinent facts about a transaction is the best way to keep that trust during and after a transaction.

The area of nondisclosure and misrepresentation cause more liability for the licensee than any other. Failure to disclose and misrepresentation claims make up more of the real estate disputes than all other complaints combined. Many lawsuits are brought by buyers against real estate professionals and sellers alleging that they failed to disclose pertinent facts about the property.

Upon completion of this course, the student will be able to apply the what, why and how of property disclosures, relate the disclosure obligations a licensee owes to sellers, buyers, non-clients, and to other licensees, and summarize the top legal issues real estate licensees face dealing with disclosure.

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