Risk Management (3 CE)

Description

Like all other business transactions, real estate has the potential to be risky business. All Realtors® want to manage risk as adequately as possible, and this course will speak to and help agents avoid the most common risks associated with the ownership of a Brokerage firm and the practice of real estate sale. It will explore the risks associated with short sales, the importance of having a Policy Manual at a Brokerage Firm, and proactively training staff in accordance with law and best practices. Realtors® attending this class will be better able to understand risks as they pertain to an individual’s day to day activities, and how to best prepare to handle them before they get out of control. After taking this class students will be able to: • List the content of a good policy manual. • Identify those issues of greatest liability. • Create a table of contents for a policy manual. • Segregate areas of risk between a salesperson and a Brokerage firm given a specific scenario. • Instruct other workgroup participants on the appropriate steps to meet FS 475 requirements. • Define the Agency options available to Florida licensees. • List the steps required and timeline requirements to file an escrow disbursement request with the Division of Real Estate. • Segregate between illegal kickbacks and legal rebates, and define the acronyms HUD, RESPA, ADA, FTC and FS 475.