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3.0 hours How Licensees Manage Risk

 How Licensees Manage Risk  Course Video Image

Course Syllabus:



3 3.0 Elective Hours

Every real estate transaction contains an element of risk. Risk management is an attempt to minimize risk as much as possible. Through a process where risks can be identified and through an establishment and application of policies and procedures real estate professionals will protect themselves and their clients from the unexpected results that risk provides.

Instructor: Susan Davis
Author: 14603
Mandatory Seat Timer: Yes
Format: Online
Credit Hours: 3
Required Quiz Grade: 60
Exam Required: Yes (open book)
Number of Exam Questions: 15
Type of Questions: Multiple Choice
Number of Different Exams: 2
Exam Pass Grade: 75%

Exam Retake:
If you fail the exam no credits will be issued. If you fail the exam 3 times, you are required to retake the course. There is no charge to retake the course.

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.

Kickout Minutes:
15 minutes. We need to receive a keystroke or mouse click from you every 15 minutes in order for your elapsed time to apply to your total time. If your elapsed time is greater than 15 minutes, then your time will not be counted towards your course time.

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.

Kentucky Real Estate Commission course approval number: 14603

Course Objective

Can we eliminate risk?

Pre-Course Assessment

Defining risk and the agents’ responsibilities to minimize risk

Learn from practical examples how to reduce risk

Identify comments that would expose an agent to risk

Explain why real estate activities are covered by antitrust law

Understand the differences between the types of listing agreements

Learning more about NAR Code of Ethics Article 4

Know about the methods of determining title and some less familiar ways to hold title

Avoiding the risks associated with advertising and fair housing violations

Avoiding dual agency when contacted about a listing

Describing the Seller’s Property Disclosure statement

Identify obligations when dealing with another’s money


Post-course assessment