This course was created to provide real estate professionals with 6 core credit hours towards their license renewal. There are two main study areas in the course:
- Real Estate Ethics
- Errors and Omissions
These two main areas include a variety of topic sections. The first section explains what ethics is, as well as ethical concepts and terminology. Those terms include accountability, expertise, tort, honesty, equity, and misrepresentations.
The next section covers why ethics matter, talking about the legal enforcement of ethics, and ethics being used to make a better society. It also talks about the duties of a real estate agent, covering the duties the agent has to the consumer, and the duties to business.
The next section continues ethical duties, covering topics such as duties to workers, duties to society, and duties to the principal. The section also covers ethical situations in advertising, listings, closing, renting, etc.
From there, we move into errors and omissions, and start that section off with a discussion of misrepresentation, negligence, fraud, and mistakes. It continues by reviewing common types of problems, such as property size, water rights, and non-material facts.
The next section continues the discussion on common types of problems, explaining negligence and fraud further, including information on improper contracts, disloyalty, agent performing outside of their scope, and undisclosed conflict of interest.
The final section is on prevention and mitigation, placing a special focus on how the agent can protect themselves from errors and omissions through education, due diligence, and written contracts. It continues by explaining E&O insurance, and specific topics such as state law and duty to defend that are pertinent to this insurance.
There are a total of six quizzes that each ask 3 questions throughout the course, as well as in-text questions at the end of each lesson. These are meant to help you understand and retain the material.
Show Course ID: 1
- Course ID(s): RC231145
- Approved By: Utah Real Estate Commission
Sheri Wytcherley is the instructor for many of our real estate courses. She is a chart-topping principal broker and a passionate teacher with more than five years of experience as a real estate educator. See more details about Sheri’s background here.