Minnesota Continuing Education COURSE
7/1/24 - 6/30/25 MN Required Module: Risk Management and Minnesota License Procedures
The business of real estate has serious risks. In residential real estate transactions, you're responsible for assisting clients/customers in one of the largest purchases of their lives. In commercial real estate transactions, the stakes are arguably higher and often have millions of dollars at stake. The consumers we serve literally risk hundreds of thousands of dollars or more and require your expertise to hold it all together. In addition, people invest not just their money in a real estate purchase; they invest their emotions and their family’s well-being in these transactions. When things go wrong, they look to you as the cause first.
This 3.75-hour mandatory course will cover important laws, regulations, and best practices to consider in order to manage risk and ensure you maintain your license to practice real estate in the state of Minnesota.
Course highlights include:
- Risk definition and overview
- Disclosure of financial interests
- Advertising disclosure requirements
- Compensation disclosure and disbursement
- Disclosure of material facts
- Contract details and interference of contract
- Requirements of Listing agreements
- Facilitator agreements
- Purchase agreements
- Negotiations requirements
- Trust accounts
- Cancellation of contracts
- License application process, including recent updates
- License maintenance procedures
- Examinations and education providers
- Continuing education and license education requirements