Risk Management

Per Kentucky law, students are not allowed to complete more than 9 hours of Post-Licensing coursework per day. It's the students responsibility to track their hours. Please contact KRI with any questions.

Course Goals

This course is designed to demonstrate that risk management should be viewed as a positive strategy that will provide for increased profits. Any risk that develops into a problem will necessarily cost money to solve. The course introduces the student to the concept of risk and potential consequences that risk presents if not managed properly. The student is introduced to the three main areas of legal liability: contract, tort, and violation of law. Then the specific major areas of risk are discussed in detail. These risks are grouped for discussion purposes under agency, fair housing, environmental issues and anti-trust law. The course also provides the student with a strategy, which if followed, will assist the licensee in minimizing risk and thereby increasing profit.

Learning Objectives

At the end of this course, you will be able to

• List effective risk management strategies.
• Explain the features of the legal basis for liability, including contract law, tort law, and the violation of laws.
• Identify specific areas of liability in fair housing, agency, and environmental aspects of real property.
• Illustrate situations that can lead to antitrust law violations.

Course Materials

This course is composed of 4 hours of reading material. Review questions are placed in between reading sections, along with topic discussions and quizzes.

At the end of the course a final examination is required. The final examination consists of 20 questions. A test score of 75% or greater is required for course completion. The final examination is not downloadable or printable. A course completion certificate for Kentucky real estate continuing education credit will be issued after passing the final exam and completing an end-of-course survey.

If this continuing education course is taken after December 21 of the calendar year, the licensee's license may be cancelled if the course is not timely completed.