The Alabama Real Estate Commission requires every Alabama licensed real estate agent, whether a sales person or a broker, to complete this required 3-hour (actual class room hours) Continuing Education (CE) Course prior to October 1 of the second year of each licensing period. The Alabama Real Estate Commission requires a total of 15-hours Continuing Education (CE) prior to license renewal on every even year; EXAMPLE: 2008, 2010, 2012, etc. Three hours must be in Risk Management and the other 12-hours are elective hours of your choosing.

Learning Objectives

After successfully completing the Risk Management course, the licensee will be able to:

• Identify the necessity of Risk Management.
• Evaluate statistics to determine the highest areas of risk management in a real estate transaction.
• Determine critical issues and how behavioral change could change the outcome in risky situations.
• Define misrepresentation and material facts that could be considered material in a real estate transactions.
• Identify key parts of a property disclosure form and discuss how the use of the form could protect the property owner and the licensee.
• Formulate responses to specific questions asked by a potential real estate purchaser.
• Recall the Agency options allowed under Alabama License Law.
• Discuss the critical differences between customer and client relationship.
• Determine key issues in the investigation of a specific agency scenario.
• List the elements of a legal contract and decide whether certain contracts meet the test of legality.
• Classify certain "Standard Clauses" and discuss the licensee's role in creating language, addendum's and etc.
• Determine the basis of Fair Housing law and protected classes under Alabama Law.
• Formulate legal and ethical responses to Fair Housing questions or requests.
• Discuss how Federal Anti-Trust Laws apply to the business of real estate.
• Formulate responses to inquiries involving potential Anti-Trust violations.

Learning Strategies:

• We encourage classroom participation to ensure a more complete understanding of the subject matter.
• Dividing the class into work groups for discussing and answering quizzes; then the correct answers are given to entire class.
• Each segment begins with a quiz to allow the student to realize their knowledge base of the topic to be discussed and to peak their interest.
• PowerPoint presentations are used to capture attention, create more excitement and enthusiasm, and make the learning process more retainable.
• Handouts, examples, illustrations, and pertinent information are given to each student for future reference.

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