Arizona Continuing Education COURSE

Managing Risk in Your Real Estate Business
$19.00
3 Total hours
3 Elective hours
0 Mandatory hours
When things go wrong in a real estate transaction, consumers often look to licensees as the cause. Because of this, it’s important for you to have a firm grasp of risk management and how to employ risk management strategies to protect yourself, your clients, and your business.
Course highlights include:
- Rsk management concepts and key terms
- Common high-risk areas, such as conflict of interest situations; kickbacks RESPA violations; and the failure to research, investigate, and disclose material facts
- Do and don’t lists to help you minimize risk associated with such issues as trust fund handling, contract preparation, and multiple offer situations
- Online risk management strategies
- How a licensee's actions can increase exposure to risk in fair housing, advertising, and agency duties
- Checklists for creating a detailed data security and privacy plan for your business
- How errors and omissions insurance can protect you from certain liabilities
- The role of the consumer in your attempts to minimize risk
- Activities and scenarios to reinforce key concepts