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4.0 hours Louisiana 2017 Mandatory: Insurance Awareness and Contract Timelines

Louisiana 2017 Mandatory: Insurance Awareness and Contract Timelines  Course Video Image

Course Syllabus:



4 4.0 2017 Mandatory: Insurance Awareness and Contract Timelines

This course explores the need for all types of insurance for the homeowner as well as the renter of real property. Details are given about flood and hurricane insurance – critical information for residents of Louisiana. Specific aspects of Homeowner insurance are shared. Important information regarding the requirement and necessity of E&O Insurance for the Louisiana real estate licensee is clarified. Great detail is given about the Purchase Agreement including updates and timetables along with an explanation of each paragraph of the required 2017 contract.

Instructor: Rosalind (Roz) Allemond
Charlie Alfortish
Author: Susan Davis, CDEI 0018
Mandatory Seat Timer: Yes
Format: Online
Credit Hours: 4
Required Quiz Grade: 60
Exam Required: Yes (open book)
Number of Exam Questions: 40
Type of Questions: Multiple Choice
Number of Different Exams: 3
Exam Pass Grade: 70%

Exam Retake:
Unlimited (take the exam until you pass).

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.

Louisiana Real Estate Commission course approval number: 0018

Course Objective

Determine who needs flood insurance and how to acquire the insurance.

Discuss and elaborate upon the history of Federal Flood Insurance Laws.

Find and review flood rate maps.

Explain the 2016 Louisiana Group Plan and the benefits.

Demonstrate knowledge of the variety of claims to which the insurance does and does not apply.

Cite examples of risk management practices to protect against future E&O claims.

Display a working knowledge of homeowner's insurance and effectively discuss various types of such insurance.

Clarify what to watch out for regarding perils excluded from most policies.

Demonstrate knowledge and value of vacation and second home insurance, C.L.U.E. reports and Home Warranty programs.

Cite examples of types of contracts and clauses used in Louisiana.

Demonstrate knowledge of the Purchase Agreement updates including Purchase Agreement Timelines.

Employ your knowledge of the updated sections of the form to clearly explain those changes to the consumer.

Effectively compete the Louisiana Purchase Agreement so that it meets requirements for a successful closing for the consumer.

Explain requirements for disposition of deposited funds; clarify lease and assessment regulations; detail inspection and due diligence period.

Apply working knowledge and ability to explain paragraphs applicable to the current contract being completed.