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rCRMS: Certified Risk Management Specialist Certification Program

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 rCRMS holders must recertify every two years by taking one of the contract courses.

Upcoming Class:

rCRMS: Mastering the Residential Resale Transaction
(required contract course)
August 24-25, 2009
Phoenix Association of REALTORS®
Cost: $150
Online Registration

rCRMS: Leasing Essentials
September 29, 2009
SouthEast Regional Association of REALTORS®
Cost: $99
Online Registration

Congratulations to the following REALTORS® who recently earned the rCRMS certification:
Barbara Allyn, William Ashker, Pamela Boyer, Ronald Chambers, DeAnna Della Cioppa, Sheila Dillon, Wednesday Enriquez, Agda Freitag, Tim Furst, Sue Griman, John Hale, Ralph Hall, Kathy James, Bella Jampolsky, Scott Kerr, Lori Klindera, Jimmee McNeely, Michael Mulvena, Kristine Nelson, Marilynn Niemann, Kate Rose, James Tsighis, G-II Varrato, Alisha Wade, Heather Wagenhals, Myrtle Walton, Judith A. Wolf, James Wright


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.

Short Sales, REO’s & Foreclosures
Short sales and foreclosures are on the rise. Because these transactions are likely to make up a large percentage of your business, it is important to understand the risks inherent in these situations. By familiarizing yourself with the problems that can and do occur in these transactions, you can develop strategies to reduce risks for the clients, salespersons and brokers involved.


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