Utah 9 Hour Complete Core Package

This package is comprised of two courses;

- Utah 3 Hour Mandatory Residential Core

- Utah 6 Hour Core Course

The 3 Hour Mandatory Course covers topics as agency basics, limited agency, real estate purchase contract basics, seller disclosures, conditions of purchase, and wire fraud prevention, along with a review of administrative rules.

The first hour of the class covers what agency is, the fiduciary relationship and the affirmative duties of the licensee, as well as limited agency, the Limited Agency Consent Agreement form, and the obligations of a limited agent.

The second hour of the class covers the REPC, including earnest money basics (including procedures when depositing earnest money with a title company), what the seller is required to disclose as well as what constitutes material information, and the conditions of purchase in the REPC, defining the due diligence condition, appraisal condition, and financing condition. It finishes with the requirements for notices, acceptances, and addenda, including a brief discussion of counteroffers.

The third hour presents the requirements for notices, acceptances, and addenda, including a brief discussion of counteroffers followed by changes to the Administrative Code in 2022, including vital clarifications to Supervision Requirements for Principal & Branch Brokers, related changes to Trust Accounts, an overhaul of the rules on Trust Accounts - Property Management Company, and a new, detailed set of protocols for transition to a Designated Successor in the event of death or incapacity of a Principal Broker. The class finishes with the industry issues of advertising through social media, inducements and gifts, advertising another team’s listing, and how to prevent wire fraud.

The 6-Hour Core Course covers

• Real Estate Ethics
• Errors and Omissions

These two main areas include a variety of topic sections. The first section explains what ethics is, as well as ethical concepts and terminology. Those terms include accountability, expertise, tort, honesty, equity, and misrepresentations.

The next section covers why ethics matter, talking about the legal enforcement of ethics, and ethics being used to make a better society. It also talks about the duties of a real estate agent, covering the duties the agent has to the consumer, and the duties to business.

The next section continues ethical duties, covering topics such as duties to workers, duties to society, and duties to the principal. The section also covers ethical situations in advertising, listings, closing, renting, etc.

From there, we move into errors and omissions, and start that section off with a discussion of misrepresentation, negligence, fraud, and mistakes. It continues by reviewing common types of problems, such as property size, water rights, and non-material facts.

The next section continues the discussion on common types of problems, explaining negligence and fraud further, including information on improper contracts, disloyalty, agent performing outside of their scope, and undisclosed conflict of interest.

The final section is on prevention and mitigation, placing a special focus on how the agent can protect themselves from errors and omissions through education, due diligence, and written contracts. It continues by explaining E&O insurance, and specific topics such as state law and duty to defend that are pertinent to this insurance.

There are a total of six quizzes that each ask 3 questions throughout the course, as well as in-text questions at the end of each lesson. These are meant to help you understand and retain the material.