Ch 11: Risk Management in Real Estate

About This Chapter

Explore this entertaining chapter to strengthen your understanding of risk management in real estate. As you prepare for a test, our short lessons, mini quizzes and practice exam can ensure you have the knowledge needed to excel.

Risk Management in Real Estate - Chapter Summary

Get up to speed with the basics of risk management in real estate by studying this fun chapter. Lessons developed by top instructors closely examine antitrust law, vicarious liability and related concepts, enabling you to do the following in a short amount of time:

  • Detail supervision responsibilities in a real estate agency
  • Define and share examples of vicarious liability
  • List and describe types of antitrust law
  • Provide explanations of fraud, puffing and misrepresentation in real estate
  • Share the meaning of real estate risk management

This chapter's self-paced format enables you to study during your chosen timeframes and visit as often as you'd like. We offer multiple-choice quizzes you can take anytime to find out how well you understand the lessons. If you have questions about topics covered in this chapter, don't hesitate to submit them to our subject-matter experts. Before exam day, feel free to test your knowledge of this entire chapter by taking the practice test.

5 Lessons in Chapter 11: Risk Management in Real Estate
Test your knowledge with a 30-question chapter practice test
Real Estate Agency Supervision Responsibilities

1. Real Estate Agency Supervision Responsibilities

Licensed real estate salespersons and licensed and unlicensed people assisting them are not allowed to act without supervision. In this lesson, you'll learn about the supervisory responsibilities imposed upon brokers under state law.

What Is Vicarious Liability? - Definition and Examples

2. What Is Vicarious Liability? - Definition and Examples

Most times, a liability lawsuit is directed at the negligent party. Sometimes, a lawsuit can involve parties who are not directly involved in the dispute because of the relationship the outside party has with the defendant.

Antitrust Law: Definition, Types & Outline

3. Antitrust Law: Definition, Types & Outline

Antitrust laws are statutes developed to protect consumers from rapacious business practices by making it illegal for businesses to compete in unfair ways.

Fraud, Puffing & Misrepresentation in Real Estate

4. Fraud, Puffing & Misrepresentation in Real Estate

Real estate fraud is an unfortunate reality. In this lesson, you'll learn about the different types of fraud perpetrated by licensed salespersons and brokers in real estate sales transactions. We'll also distinguish puffing from fraud.

Real Estate Risk Management: Definition & Insurance

5. Real Estate Risk Management: Definition & Insurance

Real estate agents must use risk management strategies to protect their business from catastrophic losses. Insurance products and business structure help mitigate business risks for an agent in case of a lawsuit.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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