Alabama Risk Management: Avoiding Violations
In residential real estate transactions, you, a licensed real estate professional, are responsible for assisting clients in one of the largest purchases of their lives. Clients literally risk hundreds of thousands of dollars, or more, and they require your expertise to hold it all together. In addition, people invest not just their money into a real estate purchase; they invest their emotions and their family’s well-being into these transactions. When things go wrong, they look to you as the cause first. Because of this, it’s important for you to have a firm grasp on the concept of risk management and understand how to employ a variety of risk management strategies to protect yourself—and your clients—from unwanted hassles and costly missteps. The best ways to manage your risks are to know and follow Alabama License Law, understand where and why legal complaints happen, and reduce your liability. The ultimate goal is to avoid lawsuits altogether.
This three-hour course reviews Alabama License Law, examines possible violations of the law, including non-disclosure, mortgage fraud, misleading advertising, and illegal tasks performed by unlicensed assistants, and meets Alabama’s mandatory requirement for CE on Risk Management.
Course highlights include:
- Working with buyers who resist home inspections
- Figuring out if a property is stigmatized and responding correctly
- Advertising your own property and purchasing your own listing
- Protecting yourself and your buyer clients from the “caveat emptor” precedent