OH 3.0 hours Disclosure Is Not A Secret - Course Syllabus

Course Syllabus:

3.0 Elective Hours.

Non-disclosure and misrepresentation cause more liability for the licensee than any other factor. Failure to disclose and misrepresentation claims make up more real estate disputes than all other complaints combined. Many lawsuits are brought by buyers against brokers and sellers alleging that they failed to disclose pertinent facts about the property. Lawsuits, even if unfounded, drain resources from the business of selling real estate and thus can be problematic for a brokerage firm.

Course Objective

Explain the "what, why and how" of property disclosures.

Relate the disclosure obligations a licensee owes to sellers and buyers.

Discuss the disclosure obligations a licensee owes to non-clients and to other licensees.

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

Define and discuss the scope of your representation.

Clarify the types of agency positions and disclosure issues.

Discuss the numerous disclosures it may be necessary for a broker to make.

Be prepared to discuss the wide variety of disclosures that may be necessary prior to and during transactions.

Discuss the purpose of, importance of, and types of information contained in most seller disclosure statements.

Summarize the homeowner association disclosure issues.

List environmental issues that require disclosure and explain potential problems.

Discuss how failure to disclose knowledge of adverse material defects about the property is fraud.

List and summarize a variety of required federal disclosures.

Explain cautionary actions that are necessary when creating “as-is” clauses.

Display knowledge of practical applications of federal disclosure requirements.

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