IL 3.0 hours Core B: Risk - Course Syllabus

Course Syllabus:

3.0 Core B Hours.

The consumer of today is better educated and more willing to litigate than in the past; largely due to access to information on the internet. This creates a legally complicated and risky environment for real estate professionals. The intention of this course is to teach real estate licensees how to recognize, evaluate and manage risk.

The agent will have new knowledge of the importance and effects of proper documentation as well as being able to avoid acts that could be considered misrepresentation. The licensee will be able to avoid the elements of fraudulent, negligent and innocent misrepresentation while protecting the customer or client.

Course Objective

Outline and discuss risks specific to the business of real estate.

List the common areas of risk in a real estate practice.

Describe the steps that licensees can use to successfully manage risk.

Explain the importance and effects of proper documentation.

Explain the elements of fraudulent, negligent and innocent misrepresentation.

Describe acts that could be considered negligence.

Relate the disclosure obligations a licensee owes to sellers, buyers, non-clients, and to other licensees.

Summarize the top legal issues real estate licensees face dealing with disclosure.

Discuss the components of mortgage fraud.

Describe short sales.

Describe possible anti-trust issues.

Identify potential ways to avoid the risk of unauthorized practice of law and methods of mitigating disputes.

Scheduled Outage: July 22, 2017 7:00 - 7:15 EST