3.0 hours Risk Awareness Course Syllabus
3.0 Elective Hours.
A professional, by virtue of assuming this obligation, is going to inherit risk. The challenge is recognizing the risk, how much risk one wants to take, and how to manage that risk. Real estate professionals have specialized knowledge. Today, that is what an agent must sell. They have training, education, and experience. Real estate professionals have a duty to provide clients with sufficient information within their expertise so the client can make an informed decision. This also places a burden on the client to use reasonable care and diligence. Because the advice is coming from an expert, the client can reasonably rely on it, which places a burden on the expert to provide a high level of expertise and care. Real estate professionals, as experts, cannot recklessly give out information or advice and expect the client not to rely on it.
The client needs to know and understand the services being provided and, more importantly, what is NOT being provided. This is where real estate professionals often find themselves getting into trouble. There may be an unreasonable expectation placed on what it is that real estate professionals do.
This course helps the real estate professional understand the degree of risk associated with the services provided and how to manage it effectively.