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URL:https://www.learndesk.us/class/6277468010840064/lesson/2cb76971bbc281659029add87f50f80e?ref=outlook-calendar
SUMMARY:Snapshot Review: unit Nine Risk Managament
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/6277468010840064/lesson/2cb76971bbc281659029add87f50f80e?ref=outlook-calendar
DESCRIPTION: RISK MANAGEMENT STRATEGIES
• Overriding purpose is to mitigate uncertainties and consequences of risk incurred in the normal course of real estate practice
Avoidance
• Refraining from activity that carries risk
Reduction
• Taking steps to reduce the probability or severity of potential loss
Transference
• Passing risk to another party by contract or other means • Errors and Omissions insurance helps accomplish transference
RISK MANAGEMENT TACTICAL PROCEDURES
• Most common strategies for risk management are reduction and transference
Education
• Familiarity with forms provided by the office, how and when to complete and where to send them, the likelihood of errors is reduced
Disclosure
• Licensees have a duty to ensure all parties have the information they’re entitled to via required disclosures • Proper disclosure reduces the risk clients and customers will accuse a licensee of misleading or inducing them to make decisions with...

https://www.learndesk.us/class/6277468010840064/lesson/2cb76971bbc281659029add87f50f80e?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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