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4.0 hours Disclosure Is Not A Secret

Course Syllabus:



4 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 19819
Mandatory Seat Timer: Yes
Format: Online
Credit Hours: 4
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.

Virginia Dept of Professional and Occupational Regulation course approval number: 19819

Course Objective

Background of property disclosure laws

Material Facts

Disclosure obligations to a non-client

Specific disclosures

Agency disclosure

Truth or Consequences

Disclosures not to be ignored

Ancillary Disclosures

Seller disclosure statements

Homeowner association disclosures

Environmental disclosures

A review of disclosure items

Federal disclosures

Expanding on required federal disclosures

A focus on the “as-is” clause

Case Law