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3.0 hours Risk Management

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Course Syllabus:



3 3.0 Elective Hours

Every real estate transaction contains an element of risk. Risk management is an attempt to minimize risk as much as possible. Through a process where risks can be identified and through an establishment and application of policies and procedures real estate professionals will protect themselves and their clients from the unexpected results that risk provides.

Instructor: Susan Davis
Author: 7088
Mandatory Seat Timer: No
Format: Online
Credit Hours: 3
Required Quiz Grade: 60
Exam Required: No

Content Review:
The Table of Contents page within each course will list the lesson titles and the expected time it should take the student to complete.

Availability of Course:
You will have 180 days to complete the course. The State course expiration date will override the account expiration date assigned at the time of purchase. Any expired, unfinished course will be replaced with a current state approved course, and will be available to you until your account expires. The courses can be accessed from any device connected to the internet at any time.

Tennessee Real Estate Commission course approval number: 7088

Course Objective

Understanding the Basic Concept of Risk Management

Understand Your Legal Responsibilities

Learn about Areas of High Risk from Practical Examples

Describe How to Reduce the Risk

Identify and Explain Three Real Estate Practice Activities Controlled by Antitrust Law

Have a Good Understanding of the Sherman Antitrust Act

Describe the Three Types of Antitrust Violations Most Significant in the Real Estate Industry

Identify Comments That Would Lead to Trouble

Understand the Importance of Errors and Omissions Insurance and Home Warranty Insurance

Top Issues Real Estate Buyers Need to Know Before Making an Offer

Identify the Information That You Should Gather Prior to Completing a Listing Agreement

Explain the Differences among the Exclusive Agency Listing Agreement, an Open Listing Agreement, and a Net Listing Agreement

Learn Why the Exclusive Right to Sell Listing Agreement Provides the Best Commission Protection

Learn How a Broker May Be Entitled to a Commission Following the Expiration of a Listing Date

Distinguish among the Various Types of Buyer’s Agreements and the Relationship of an Affiliated Licensee with the Broker

Describe the Relationship of an Affiliated Licensee with the Broker in a Listing Agreement

Know about the Methods of Determining Title and Some Less Familiar Ways to Hold Title

Explain the Reasons for Creating a Transaction File and Describe What Information Should Be Contained in This File

Avoiding Dual Agency When Contacted about a Listing

What Is a Seller’s Property Disclosure Statement?

Learn Which Sections Might Be Contained in a Seller’s Property Disclosure Statement

Describe the Environmental Factors That Must Be Disclosed in a Seller’s Property Disclosure Statement

Identify the Remaining Issues That Should Be Covered

Identify the Categories Forming the Basis for Discrimination under the Fair Housing Law

Explain What Constitutes Fair Housing Discrimination in Advertising