This class will explore contracts and forms related to the Minnesota residential real estate transactions. Special emphasis will be placed on the contract issues that come up in day-to-day business so agents will be better equipped to serve buyers and sellers after instruction on what is contractually required.
This class will explore common scenarios faced by real estate professionals and the conflicts they face in the continuance of their work offering both practical and ethical solutions. There will also be a detailed explanation of the Commission dispute arbitration process. Suggestions of corrective action and communication will be discussed as a standard of practice.
This course is designed to provide brokers answers to frequently asked questions in the risk management area including insights into best practices for both issues that frequently arise in their practice and those that are unique, including compensation, disclosure, agency, and contractual issues. Both seller and licensee disclosure requirements will also be covered including material facts and exceptions to them, as well as other specific statutory and REALTOR® Code of Ethics disclosure requirements.