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Managing Risk in Your Real Estate Business

$39
This product includes:
LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3
Description
State 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

Renewal Date: Every two years on the last day of the month in which the license was originally issued.

Hours Required by the State: 24 hours

The CE Shop’s Offering: 24 hours

Provider Approval Number: S21-0001

Reporting: The state does not require schools to report course completions.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon real estate course completion, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your renewal application to determine if you need to submit your certificate(s) of completion with your renewal. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Final Exams: Final exams must be passed with at least an 80% and may be taken as many times as necessary in order to pass.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew. 

Student Verification: ALL students are subject to random verification audits to prove student identity throughout each course.

Max Hours in a 24-Hour Period: Students 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) 771-7700

License Renewal Website

License Lookup Website

Contact AZ Dept. of Real Estate