The business of real estate carries risk. In residential real estate transactions, you’re responsible for assisting clients in one of the largest purchases of their lives. Clients risk hundreds of thousands of dollars or more. With so much on the line, they rely on your expertise to help them make well-informed decisions. In addition, people invest not just their money in a real estate purchase; they invest their emotions and their family’s well-being in these transactions. When things go wrong, they look to their real estate representative as the cause first.
The scope of risk can cover a variety of areas. Within Risk Management, we examine the risks involved in property disclosures, licensing, agency, contracts, antitrust, and fair housing. In addition, we look at how to manage these risks compared to the potential rewards you can achieve.
When the student has completed this unit, they will be able to:
- Identify numerous ways to capitalize on risk reduction via the adoption of key risk management strategies
- Define and summarize the principal forms of antitrust legislation, including The Sherman Antitrust Act and the Clayton Antitrust Act.
- Identify the various insurance options for property owners, managers, and licensees.
You have access to this course for 6 months from the date you enroll. If you do not complete the course within 6 months, you will lose your progress and will have to re-enroll.