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Alabama Course: Alabama Risk Management for Brokers

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Alabama Risk Management for Brokers

3 Total hours
0 Elective hours
3 Risk Management hours

As a broker, you have multiple areas of risk to manage so that you can effectively protect clients, customers, and your company, as well as protect your real estate license and those of the licensees who work under your company name. 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 mismanagement of trust funds, failure to retain records, misleading advertising, and failure to train and supervise licensees and unlicensed assistants, and meets Alabama’s mandatory requirement for CE on Risk Management for Brokers.

Course highlights include:

  • Depositing and disbursing trust funds according to Alabama License Law
  • Managing the reconciliation and financial records requirements
  • Preparing for audits through records management
  • Developing strategies to train and supervise employee and licensee activities