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3.0 hours Disclosure Is Not A Secret


Course Syllabus:

Hrs

Requirement

3 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 realer state and thus can be problematic for a brokerage firm.

Instructor: Susan Davis
Coura Gaye-Sow
Author: Susan Davis, CDEI R160712
Mandatory Seat Timer: Yes
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.

Kickout Minutes:
15 minutes. We need to receive a keystroke or mouse click from you every 15 minutes in order for your elapsed time to apply to your total time. If your elapsed time is greater than 15 minutes, then your time will not be counted towards your course time.

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.

Utah Division of Real Estate course approval number: R160712

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 dealing with disclosure.

Define and discuss the scope of your representation.

Clarify types 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 and types of information contained in most seller disclosure statements.

Summarize the homeowner association disclosures issues.

List environmental issues that require disclosure and explain potential problems.

Failure to disclose knowledge of adverse material defects about the property is fraud.