Oregon Real Estate Continuing Education Provider
OREGON School Number: 1278License Renewal Requirements
3.0 hours Risk Awareness Course Syllabus
3.0 Elective Hours
If an agent is in a situation in which she knows or suspects that something is wrong, she should heed those concerns. Your instincts are telling you something and you don't want to ignore them. The best mantra is: "when in doubt, disclose." That is one of the strongest risk management tools for avoiding situations involving possible misrepresentation.
Now, let's discuss negligence - probably one of the biggest areas of exposure. Next to misrepresentation, negligence is the next biggest thing that causes real estate professionals grief, either in the courts or with their licensing authority. There is more negligence going on than misrepresentation because sometimes misrepresentation is characterized wrongly and is probably negligence. Negligence is the failure to recognize that degree of care a reasonable person would use when managing her own affairs. Professional negligence is the failure to meet the standard of care.
In review, misrepresentation is alleging a fact that is material when the fact is not true - either by omission or commission. Upon course completion, the real estate professional will be able to describe acts that could be considered negligence. Case studies and examples are presented to aid in better understanding.