Managing Risk in Your Real Estate Business (AZ)

$29
This product includes:
LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3
Description
Renewal Requirements

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

Package Content:

State Requirements For Arizona

Arizona State Requirement Details for Real Estate Continuing Education

Renewal Date: Every 2 years

Hours Required: 24 hours

  • 21 mandatory hours 
    • 3 hours in agency law
    • 3 hours in contract law
    • 3 hours in commissioner’s standards
    • 3 hours in real estate legal issues
    • 3 hours in fair housing issues
    • 3 hours in disclosure
    • 1 hour in Deed Fraud 
    • 1 hour in FireWise
    • 1 hour in Water 
  • 3 elective hours 

Max Hours in a 24-Hour Period: Arizona real estate licensees will not receive credit for more than 9 hours of continuing education in a 24-hour period. Our online course delivery system manages this requirement for you.