Description
In this comprehensive course gain valuable insights into the principles of fair housing, ensuring compliance throughout real estate transactions. Explore fair housing issues that can arise at various stages of a transaction and stay up-to-date with recent administrative decisions and cases. Understand the importance of antitrust awareness to maintain a competitive and ethical brokerage environment. Learn about disclosure obligations, including the necessary information that must be provided to clients. Enhance your knowledge of sexual harassment prevention, transaction handling, safety considerations, and the disciplinary measures that can affect real estate licensees. By the end of this course, you will have the knowledge and skills to navigate these important aspects of the real estate industry with professionalism and legal compliance.
By purchasing this course, you acknowledge and accept CAR's school policies. Click here to view the school policies.
Objectives
The course aims to achieve the following objectives:
- Review federal laws addressing fair housing and anti-discrimination, and identify the protected classes under these laws.
- Recognize violations of fair housing laws and understand the enforcement mechanisms for ensuring compliance.
- Identify fair housing issues that can arise at different stages of a sales or rental transaction.
- Stay updated on fair housing issues through recent administrative decisions and court cases handled by HUD.
- Familiarize yourself with key federal antitrust statutes and court cases, and understand the potential penalties associated with violations.
- Identify practices that can violate antitrust laws and learn strategies for compliance, while engaging in ethical scenario activities.
- Recall the process for handling escrow accounts and understand the obligations associated with managing monetary transactions.
- Recognize brokerage-related issues that can expose licensees to disciplinary action or litigation, and learn strategies for mitigating risks.
- Understand the distinctions between independent contractors and employees in the real estate industry.
- Recall the disclosure obligations of licensees pertaining to property condition and material facts.
- Discuss the statutory disclosure obligations of licensees regarding licensure, interests, compensation, and offers.
- Identify actions that constitute violations of laws prohibiting sexual harassment.
- Recall the disclosure requirements of key federal lending laws, such as TILA and RESPA, and their impact on real estate transactions.
- Identify common elements found in a typical purchase agreement, including contingencies, and learn considerations for handling offers and counteroffers.
- Recognize strategies for ensuring personal and client safety during property showings.
- Recall useful tools, techniques, software, and apps that can protect against cybercrime in the real estate industry.
- Understand actions that violate the Illinois Real Estate License Act and the potential disciplinary actions that may ensue.
- Consider the consequences of license law violations on Illinois real estate licensees.
Final Examination:
This course requires a 50 question final exam. That must be passed with a 75% to receive credit for the course per state law.
Learning Credits
By signing up for a course provided or offered by the Chicago Association of REALTORS® or any of its officers, employees, partners, agents, affiliates, or independent contractors (collectively, “Association”), you accept and agree to abide by the following terms, conditions, and disclaimers as well as the Chicago Association of REALTORS®’ Policy Manual and all other policies, terms, and conditions of the Association (collectively, “Policies”), which Policies may be amended from time to time:
1. You agree to act and dress in a professional manner at all times while participating in a course. This includes when participating in online courses. You agree not to disrupt any courses, the Association, its instructors, or other students. To avoid disruption, you agree to be on time to all courses unless you have notified the instructor in advance. The Association may remove you from the course at any time, if, in the sole discretion of the Association, you violate any of the Policies; are disruptive to the course, the Association, its instructors, or other students.
2. You may not record or photograph any course without the prior written permission of the Association.
3. You agree that when participating in an in-person course or on Association property that you will follow all health requirements and directives from the Association. You also agree not to come to an in-person class if you have or suspect that you may have a contagious illness.
4. You give permission to the Association to record and take photographs of you during your participation in all courses, to use the recordings and photographs for Association promotional materials, and to replay and share any videos or Zoom recordings of the courses.
5. The payment of any fees for a course is due prior to commencement of a course unless otherwise provided by the Association. The Association has the right to deny you entrance to a course in the event that you have not paid for the course in full prior to the commencement of the course. The eligibility for any refunds shall be governed by the terms of the Association’s Policy Manual. Registration for a course is not transferable.
6. You acknowledge and agree that the Association may share information about your participation and attendance at a course, as well as the results of any examinations conducted as part of a course, with your managing broker and any others as deemed reasonably necessary by the Association.
7. While the Association will try to avoid doing so, the Association reserves the right to cancel or reschedule a course as the Association deems necessary or prudent for any reason, including if an insufficient number of students enroll in a course. In the event that the Association cancels or reschedules a course, you may be entitled to a refund in accordance with the Association’s refund policies.
8. The course materials are the intellectual property of the Association and are subject to copyright. Unauthorized use or distribution of course materials may violate applicable copyright, trademark, or other intellectual property laws. You may not reproduce, republished, distributed, sell, or transfer the course materials without the express advanced written permission of the Association. The Association provides the course materials solely for informational purposes only.
9. The Association will endeavor to provide you an excellent, professional, and positive education experience. However, the Association provides the courses and course materials “as-is” and makes no warranties of any kind with regard to the courses, instructors and quality of instruction, or course materials, including any warranties of merchantability or fitness for a particular purpose, whether express, implied, statutory or otherwise. The Association does not guarantee, for example, that you will pass any exams for licensure by taking Association courses.
10. You agree to indemnify, hold harmless and, at the Association’s option, defend the Association, its affiliates, and their respective officers, employees, attorneys, and agents to the fullest extent of the law from any and all damage, costs, loss, risk, liability, and expense (including attorneys’ fees and costs) from claims that may be asserted at any time against any of those parties in connection with your participation in the Association’s courses, use of the course materials, or violation of the Association’s Policies; provided, however, that this indemnity does not, and will not, apply to the sole negligence on the part of the Association. YOU ALSO HEREBY WAIVE ANY RIGHTS TO (I) MONETARY DAMAGES THAT ARE IN EXCESS OF THE FEES PAID BY YOU TO THE ASSOCIATION FOR THE COURSE AT ISSUE AND (II) INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES AGAINST THE ASSOCIATION.
11. The Polices and your agreement to abide by them shall be governed by the laws of the State of Illinois without regard to conflict of law principles, and in the event that you bring any claims against the Association, you shall submit to the exclusive jurisdiction of the Circuit Court of Cook County, Illinois.
12. If any term, condition, or provision of these terms and conditions or other Policies is held by a court of competent jurisdiction to be invalid, void, or unenforceable, you agree the remainder of these terms and conditions and other Policies shall remain in effect.
Shopping Cart
Your cart is empty