This package was crafted with the real estate agent in mind, providing a simple, yet thorough way to satisfy the core education requirement for renewing your license.
This package includes:
- Utah 3 Hour Residential Mandatory Core Course
- Utah 6 Hour Core Course
The package begins with the 3 Hour Residential Mandatory Core Course. This course has three main study areas:
- Agency Basics
- Real Estate Purchase Contract Basics
- Code Updates and Industry Issues
Under the first topic, we're going to cover the agent fiduciary duties and limited agency. Limited agency can result in a tricky situation when dealing with both the buyer and the seller, so we go in depth on what exactly limited agency is, and the rules that govern this complicated form of agency.
The second topic includes the basics of the Real Estate Purchase Contract, covering a variety of topics. The conditions of purchase section explains each of the ways that the buyer can cancel the REPC, and what happens if they do.
The final topic explains self-reporting requirements, the new Rap Back enrollment requirement, and a very important current issue: wire fraud. Wire fraud has become a huge problem not only nationwide, but also here in Utah. In our section on the subject in the course, we dive into what wire fraud is, and include the Utah Department of Commerce tips on wire fraud prevention.
The second 6 Hour Core Course includes two main study areas:
- 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. The next section covers why ethics matter, talking about the legal enforcement of ethics, and ethics being used to make a better society.
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. 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 nine 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. There are also nine breaks, one for each hour, so that you have the option to step away for a time, and come back to the course when you're ready.
Show Course ID: 1
- Course ID(s): MR191156, RC191157
- Approved By: Utah Division of Real Estate
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.