This course introduces the best ways to do right by the consumer and better manage your risks by expanding your knowledge of Alabama real estate law. The course provides an overview of legal complaints that may be waged against licensees and the best way to avoid these complaints.
At the conclusion of this course, you will be able to:
- Describe your obligations when dealing with immediate family
- Identify requirements for handling money and avoiding mortgage fraud
- Describe how to avoid using misleading advertising
- Outline how to properly direct an unlicensed assistant
- Identify the source of most lawsuits
- Outline the significance of "caveat emptor"
- Identify factors for an unfavorable lawsuit
- Examine the importance of the home inspection
- Demonstrate the use of the seller's disclosure
- Explain the significance of "as is" and the dilemma of stigmatized properties
Alabama Risk Management-Avoiding Violations - Alabama Real Estate Commission
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