Risk Management

This four-hour course is designed to demonstrate that risk management should be viewed as a positive strategy that will provide for increased profits. Any risk that develops into a problem will necessarily cost money to solve. The course introduces the student to the concept of risk and potential consequences that risk presents if not managed properly. The student is introduced to the three main areas of legal liability: contract, tort, and violation of law. Then the specific major areas of risk are discussed in detail. These risks are grouped for discussion purposes under agency, fair housing, environmental issues and anti-trust law. The course also provides the student with a strategy, which if followed, will assist the licensee in minimizing risk and thereby increasing profit.

Course Topics

This course will address the following topics.

• Segment 1: Risk Management - A Tool to Increase Profits
• Segment 2: The Legal Basis of Liability
• Segment 3: Specific Risks In Real Estate Practice
• Segment 4: Potential Liability Relating to Antitrust Law Violations

Learning Objectives

At the end of the course, you should be able to:

• List effective risk management strategies.
• Explain the features of the legal basis for liability, including contract law, tort law, and the violation of laws.
• Identify specific areas of liability in fair housing, agency, and environmental aspects of real property.
• Illustrate situations that can lead to antitrust law violations. 

Course Progress and Completion

This online course includes reading material, video presentations, and short questions placed at the end of each reading segment. Students must pass each activity in order to progress through the course. At the end of the course is a 10-question final exam that is not timed. Students have one attempt at the final exam. Failing to earn an 80% passing score requires the student to enroll in the course again (FAC 61J2-3.009(4)(a)). Re-enrollment is free.

A Notice of Satisfactory Course Completion Record is available immediately after passing the final exam. The successful completion record will be electronically uploaded to the Department of Business and Professional Regulation (DBPR) within 48 hours. Licensees can verify their continuing education records by using the DBPR's online services website, myfloridalicense.com