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CRMS: Certified Risk Management Specialist Certification
Program
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SITE MAP FIND A REALTOR® WEATHER MAPQUEST MY AAR REALTOR® CENTER LEGAL NEWS UPCOMING EVENTS EDUCATION GOVERNMENT AFFAIRS INDUSTRY RESOURCES CONSUMER ASSISTANCE | ||||||||||
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AAR's newest program designed to enhance members' success. The program will
increase members' knowledge and allow them to successfully manage real
estate transactions for clients while reducing exposure to risk. Earn
this new certification and give your clients the utmost protection
during their transaction.
REALTORS® who earn this certification go the extra mile to protect their client's interests as well as their own. They recognize that in today's litigious society, good REALTORS® need to anticipate the pitfalls in a real estate transaction for their clients and themselves, and be well prepared to avoid them. Requirements for certification include attending one contract course, three core courses, and one elective course. The requirements must be completed within a two year period and CRMS holders must recertify every two years by taking one of the contract courses. FREQUENTLY ASKED QUESTIONS Course List
CORE COURSES: Students must take all three of the following one day courses: Essential Skills for a Successful Closing Master the complexities of handling escrow, title and financing issues in a real estate transaction. Agency, Employment and the Standard of Care Explore agency and employment agreements, duties, and learn how to comply with the standard of care in the industry. Disclosure & Due Diligence Explore how to fulfill the disclosure obligations in a real estate transaction and the due diligence responsibilities of the parties. CONTRACT COURSES: Students must take one of the following two day courses: Mastering the Residential Resale Transaction Master the complexities of the residential resale real estate transaction from offer to closing, including drafting the AAR Residential Resale Real Estate Purchase Contract and related addenda. Mastering the Commercial Transaction Master the complexities of the commercial real estate transaction and business brokerage transaction from offer to closing, including drafting the AAR Commercial Real Estate Contract and related addenda. Mastering the Land Transaction Master the complexities of the vacant land real estate transaction from offer to closing, including drafting the AAR Vacant Land/Lot Purchase Contract and the most common addenda. ELECTIVE COURSES: Students must take one of the following one day courses: New Homes and Manufactured Homes Master the intricacies of working in the new home and manufactured home marketplace. Leasing Essentials Master the essential elements of real estate leasing, including landlord/tenant laws, property management and a broker’s responsibility in this specialty Claims, Litigation and Remedies Explore the elements of common real estate claims and litigation, the available remedies, claims management, and dispute resolution. Advertising, Marketing & Misrepresentation: Risk and Regulation Examine advertising and marketing principles, the rules and regulations governing these activities and how to avoid misrepresentation in a real estate transaction. Federal Legal Issues Examine how best to comply with the federal laws that impact a real estate transaction such as: fair housing, RESPA, and antitrust.
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