LA 4.0 hours Risk Awareness - Course Syllabus
4.0 Elective Hours
When licensees first start out in the real estate business, they often feel that they can take on a lot of risk. Taking risks is exciting and has the potential for big rewards. But as a licensee gets older, more experienced, and, hopefully, wiser, taking big risks isn't as exciting. Licensees may start to feel that they can't afford to take risks. Licensees need to ask themselves: "How comfortable am I with taking on risk? “If you are going to be a professional, you are going to take on risk. How much is that worth? How much do you want to be paid for taking the degree of risk that you are taking? The higher the risk, generally the greater the reward; whether it's the stock market or the real estate business.
What services do you provide? Real estate professionals need to take a look at the services they provide and be able to articulate what those services are. If you are working with a buyer, you should be able to explain how you are going to help that buyer locate the property, obtain the property, and bring it to closing. Licensees need to know what it is that they do so that they can communicate this to prospective clients and then they need to do it.