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Thursday, December 12, 2019

BIC Update 8820 (Thu. 12 Dec, 2019 8:00 am - 12:00 pm)

The 2019-2020 Broker-in-Charge Update (BICUP) course presents information regarding:

(1) The Competence of Licensees and the broker's duty to provide clients with skill, care, and diligence;
(2) Material Facts: the categories of material facts, how to determine if a material fact exists, and the duties of both the listing and buyer's agents;
(3) Property Inspections:  what they are and the broker's responsibilities related to inspections;
(4) Wire Fraud:  common fraudulent activity in the real estate industry, and best practices for brokers to help protect themselves and their clients from fraudulent activities;
(5) Law and Rule Updates:  descriptions of updates to Commission rules that became effective July 1, 2019 and that will become effective July 1, 2020;
(6) Licensing and Education:  review of various license categories and statuses, and how to attain and maintain them.
(7) BIC's Duty of Supervision as it relates to the WWREA brochure; and
(8) Record Retention:  the responsibilities of brokers and the BIC related to record retention including the types of documents to be kepts and the length of time records must be retained.


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REAL ESTATE: A CASE STUDY APPROACH (Thu. 12 Dec, 2019 1:00 pm - 5:00 pm)

Real Estate: A Case Study Approach is designed to help licensee avoid legal pitfalls in real estate transactions. Some of the most common causes to legal actions are misrepresentation, failure to disclose information, failure to disclose agency relationships, conflicts of interest, breach of fiduciary duties, and incompetence. This course explores these issues in an interactive case study approach.


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