Cost:
$40.00
This course addresses the types of risks associated with the real estate business and provides practical guidance on how to limit liability for licensees, brokers, and the public. Participants will gain a comprehensive understanding of legal responsibilities, ethical obligations, and risk management strategies essential to professional practice.
Emphasis is placed on recognizing the importance of performing only those duties required under the listing contract and within the scope of one’s expertise. Students will learn to avoid practicing outside their responsibilities during a transaction, reducing exposure to unnecessary risk. The course also highlights the critical role of thorough record keeping, including maintaining all correspondence and documenting any observations or information that may be relevant to a transaction.
Participants will review the rules governing brokerage relationships, including the proper use of disclosure forms and the necessity of obtaining required signatures and dates to ensure compliance. The course also identifies actions and violations that may result in complaints with the Division of Real Estate, helping professionals better understand and avoid conduct that could lead to disciplinary action.
By the end of the course, students will understand and be able to identify the meaning of fraud, including the actions or inactions that may constitute fraud in a real estate transaction. The course also examines negligent misrepresentation, emphasizing the importance of exercising reasonable care when presenting information.
In addition, students will discuss key federal laws impacting real estate practice, including Title VI of the Civil Rights Act of 1964, Title VIII of the Civil Rights Act of 1968, and the Fair Housing Amendments Act of 1988. The course will also address advertising practices, helping participants recognize terms or language that may violate federal, state, or local laws, as well as identify the elements of antitrust violations.
Overall, this course equips real estate professionals with the knowledge and tools needed to minimize risk, maintain compliance, and uphold the highest standards of professional conduct.