South Dakota Real Estate Continuing Education - SOUTH DAKOTA Approved School: RealEstateCE.com
SD 3.0 hours Avoiding Common Mistakes - Course Syllabus
3.0 Required Subject Hours
As a real estate professional, you are not only in the business of assisting your clients in the purchase and sale of properties; but are also in the business of assisting in ensuring that the properties being sold are safe for your clients to inhabit. While is it recommended that a professional inspector or specialist investigate any environmental concerns, it is also sound advice that you familiarize yourself with common issues. This reduces your risk as a licensee and increases the habitability of a property for your clients.
Environmental hazards could adversely affect the desirability and habitability of a property. These could be any influences from the environment which would have an impact on a particular property. Two of the most important issues dealing with environmental hazards are lead based paint and mold.
Lead-based paints were commonly used in residential properties prior to 1978 when a Federal law was passed banning its use. This paint can pose a serious health risk when the paint chips off or when the paint dust is expelled into the air. Lead poisoning is a serious health risk in the United States. Children are especially susceptible to lead poisoning because their bodies can more easily absorb the lead. One of the most important disclosures (and required by the most states) is the seller's property disclosure statement. This two-page addendum must accompany all transactions involving structures built prior to 1978.
With the high levels of moisture so common in many areas, mold is a serious health concern. Because of the serious health risks that mold can have on the inhabitants of any dwelling, you must be aware of these risks and how they will affect the potential buyers and sellers of properties that you represent. You must take the necessary steps to protect you and your brokerage from potential liability, should a buyer have issues due to mold.