Risk Management: Initial Contact to Accepted Offer

Prepare for the Consumer meetings to effectively present the Offers to seller and for executing the proper legal paper work from the beginning to end.

Includes: Certificate of Completion

Approval: #926

Credit Type: Core

Credit: 3 Hour(s) | Language: English

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About this Course

Alabama Risk Management introduces learners to Alabama License Laws associated with the Real estate practices and helps them to prepare for the Consumer meetings to effectively present the Offers to seller and for executing the proper legal paper work from the beginning of the sale offer till the offer is accepted and is completely done.

This course will help the learner to identify the risk management properties and will highlight the responsibilities and limitations related to the Alabama license laws.

Course Facts

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What You Get

Certificate of completion

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Credit Hours

3 hours

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Leaning Type

100% Online, Available 24/7

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Course Structure

At your own pace, save progress as you go

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Support

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Once you finish your course and pass any required exams, you can print your certificate of completion right away.

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Course Topics

  • Lesson 1: Meeting with the Consumer
    • Agency
    • Fiduciary Responsibilities  
    • Article 11 of the National Association of REALTORS Code of Ethics
    • Alabama License Law
  • Lesson 2: Presenting the Property to the Consumer & Filling Out the Offer
    • Misrepresentation
    • Caveat Emptor — Buyer Beware
    • Properties sold “As Is”
    • Unlicensed Assistants    
    • Buyer & Seller Expectations  
    • Agency Disclosure Clause  
    • RESPA  
    • Risk Management 101 Article
  • Lesson 3: Presenting Offers & REALTOR Code of Ethics Summary
    • Articles of the REALTOR Code of Ethics
    • Communicating an Accepted Offer
    • Broker Responsibility
    • Preamble to the REALTOR Code of Ethics

Learning Objectives

  • Properly prepare and present important information to the real estate consumer regarding the decisions they will be making in a real estate transaction.
  • Properly and effectively present properties to prospective buyers ensuring they are provided important information on the property and transaction.
  • Properly assist the consumer in filling out the Offer to Purchase Form when making an offer on a property.
  • Properly and effectively present an offer to a seller or buyer while ensuring compliance with agency obligations to the client.
  • Assist consumer in executing the steps to closing after an offer has been accepted.

Regulatory Information

Name:Alabama Real Estate Commission
Phone:334-242-5544
Fax:334-270-9118
Website URL:https://arec.alabama.gov/arec/default.aspx
Email Address:arec@arec.alabama.gov
Address:1201 Carmichael Way
City:Montgomery
State:AL
Zip:36106-3674

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