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Risk Management
Table of Contents and Course Syllabus

Educational Objectives:
Learn about: Understanding the Basic Concept of Risk Management, Terms And Definitions;
The Probability Of Risk;
Standard Of Care Issues. Common Areas of Risk in the Real Estate Profession, Contract Preparation;
Property Conditions;
Property Ownership;
Trust Fund Handling;
Broker Supervision;
Failure To Research, Investigate, And Disclose Material Facts;
Respa Violations;
Referrals To Vendors And Third Parties;
Conflicts Of Interest;
Negligent Advice. Licensee Activities Likely To Contribute To Risk, Agency Duties;
Contract Familiarity;
Preparation, Formation, Interpretation And Performance, Termination;
Employment Issues And Office Management;
Trust Fund Handling;
Privacy Issues. Practical Examples Of High Risk Areas, Improper Trust Fund Handling;
Misrepresentation Of Value Or Property Conditions;
Concealment Of Material Facts;
Providing False And Misleading Advertising Or Statements For Which There Is No Basis Of Fact;
Basic Anti Trust Areas;
Predatory Lending. Risk Reduction, Companies Should Adopt An Official Risk Management Policy That Addresses Company Policies And Procedures;
Risk Can Be Minimized By Planning, Training, Supervision, And Enforcement;
The Responsibility Of Brokers, Office Managers, And Supervisors To Manage Risk By Educating, Training, And Supervising Employees And Associates To Recognize Areas Of Risk;
Goals Of Risk Management Should Be Clearly Stated, Communicated To Agents And Employees, And Understood;
Consequences Of Illegal Or Unethical Behavior;
The Need For Licensees To Stay Current;
Risk Is Ongoing And Elements Of Risk Are Reduced Through Proper Training, Supervision, And Enforcement Of Office Policies. Risk Management And The Consumer, Impact Of The Consumer's Increased Access To Information;
Consumer's Demand For Greater Value From A Licensee's Services;
Licensees Are Custodians Of Public Trust When Conducting Licensed Activities;
Fiduciary Responsibility. Legal Responsibility, Concept Of Vicarious Liability;
An Individual, Supervisor, Or Company Can Be Held Liable For Certain Conduct;
Statutory Duties And Responsibilities Of The Licensee;
Legal Claims Resolved By Mediation, Arbitration, Or Lawsuit;
License Discipline By The Department Of Real Estate;
Claims Stemming From Self Regulation Of The Real Estate Industry Such As Grievance / Arbitration.