2024-2025 Required Module: Risk Management and Minnesota License Procedures

The intention of this 3.75 hour continuing education course is to assist real estate professionals in Minnesota with renewing their licenses. The content of this course will cover the following topics: 

• Risk
  • A segment of this course examines risk and the importance of reducing or eliminating risk. In addition, this segment also looks at recent enforcement actions as a part of understanding risk. 
• Disclosure requirements 
  • A segment looks at the information that must be disclosed to parties in a real estate transaction along with why this information must be disclosed. 
• Contracts 
  • A segment of this course discusses the various contracts used in real estate transactions including those between clients and real estate professionals and between buyers and sellers. 
• Negotiations 
  • A segment of the course covers the negotiation part of real estate transactions and the role of brokers in that process. 
• Trust accounts 
  • A segment of the course talks about trust money and trust accounts and the proper procedure surrounding the handling of trust funds. 
• Cancellation of contracts 
  • A segment of the course explores the procedures for canceling real estate contracts. 
• License application and maintenance procedures 
  • A segment of the course discusses procedures for acquiring a real estate license and maintaining an active license including prelicense education and continuing education requirements.