Montana Real Estate Commission Approved Online CE Provider
MONTANA Approved School: RealEstateCE.comLicense Renewal Requirements
3.0 hours Risk Awareness Course Syllabus
3.0 Elective Hours
There was a time in the real estate industry when everyone was a full-service broker. Today, there is a full range, from charging a fee to put a property into a multiple listing service to the full-service model. Each one of those has its own inherent risks.
An agent offering full service with a client who doesn't understand what that means has created a lot of risk. If a client is being charged for something, they need to know what it is that they're paying for.
Many real estate professionals associated with a firm have already gone through this process. For those of you who are looking at business models, we are going to help you identify what the risks are. You can decide what risks you want to take and you can decide what business model you want. For those of you who are associated with a firm and you already know how you are set up, we are going to teach you how to identify the areas of risk and how to manage them.
The topic of risk management contains a number of subcategories, including agency, misrepresentation, negligence, mortgage loan fraud, fair housing, antitrust; and unauthorized practice of law. This course will cover all of these subjects. The goal of this course is to provide you with a good idea of where your risk lies so that you can adjust your practice accordingly to avoid trouble with either litigation or the state regulatory agency.