Managing Risk in Your Real Estate Business (AZ)
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
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.
Arizona Department of Real Estate
Street Address: 100 N. 15th Ave., Suite 201 Phoenix, AZ 85007
Telephone: 602.771.7760
Licensing Division Information