Course Index

  Lesson One
The Basics of Risks and Risk Management

•  I'm a Careful Agent. What Risk Do I Possibly Have?
•  What is "Risk Management" Anyway?
•  Anatomy of a Standard Form
•  Financing the Sale
•  Payments, Penalties and Charges

Important Terms

•  errors and omissions insurance
•  risk

  Lesson Two
Implementing a Risk Management Plan

•  A Risk Management Plan
•  Creating a Risk Management Plan
•  Implementing Your Risk Management Plan

Important Terms

•  errors and omissions insurance
•  premium

  Lesson Three
Important Principles

•  Principles
•  Agency: Representing Someone Else
•  Relationship Between Employer and Employee: "Vicarious Liability"
•  How Careful the Law Expects You to Be: "Standard of Care"
•  Disclosure and the Doctrine of "Buyer Beware"

Important Terms

•  agent
•  agency
•  authority
•  fiduciary
•  good faith
•  HIV
•  independent contractor
•  kickback
•  material fact
•  negligence
•  power of attorney
•  predatory lending
•  principal
•  Real Estate Settlement Procedures Act
•  special agent
•  vicarious liability

  Lesson Four
Specific Practices and Procedures to Help Avoid Risks

•  Practices and Procedures
•  Avoid Giving Negligent Advice
•  Develop and Use Standard Forms, Procedures and Terms
•  Keep Excellent Records
•  Use Proper Resources
•  Stay Educated

Important Terms

•  anti-trust
•  commingling
•  standard terms
•  statute of frauds
•  statute of limitations
•  trust funds