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URL:https://www.learndesk.us/class/6697955492888576/lesson/38d0faaae8cbfb7b83077e7cd6c58db7?ref=outlook-calendar
SUMMARY:Risk Management Strategies
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/6697955492888576/lesson/38d0faaae8cbfb7b83077e7cd6c58db7?ref=outlook-calendar
DESCRIPTION: 
Avoidance
Reduction
Transference
Retention

Four well-established strategies for managing risk are:
 Avoidance (elimination)  Reduction (mitigation, sharing)  Transference (outsourcing, insuring)  Retention (acceptance and budgeting)
Not all of these strategies are always possible or available, but a real estate firm or licensee who fails to make a conscious effort to employ one or more of them increases the likelihood of loss from the many potential risks that are always present in the real estate business.
Avoidance 
Avoidance includes refraining from an activity that carries risk. One can avoid the risks of being in an automobile accident by not riding in automobiles.
Avoiding risks also means missing the opportunity to benefit from the avoided activity. By avoiding automobile travel, one is confined to modes of transportation, such as buses and walking, that do not offer the same high degree of personal freedom and efficiency. Complete avoidance of risk in real estate...

https://www.learndesk.us/class/6697955492888576/lesson/38d0faaae8cbfb7b83077e7cd6c58db7?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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