CHP 43 - Risk Management Flashcards

1
Q

3 Risk management strategies

A
  • Avoidance
  • Reduction
  • Transference
  • Retention
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2
Q

3 Risk Management Procedures

A
  • Education
  • Disclosure
  • Documentation
  • Insurance
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3
Q

Primary Areas of Risk

A
  • Agency
  • Property Disclosure
  • Listing and Selling Process
  • Fair Housing
  • Antitrust
  • Rules and Regulations
  • Misrepresentation
  • Recommended Providers
  • Financing & Closing
  • Trust Fund Handling
  • Safety and Security
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