Keeping it Honest: Understanding Real Estate and Mortgage Fraud
Fraud has become a major issue in the industry. Lawbreakers use real estate as a vehicle to steal the life savings of unsuspecting homeowners and defraud lenders out of millions of dollars for their own gain. Federal, state, and local governments have taken steps to combat real estate fraud, but it remains a major problem—one you need to have a solid understanding of to ensure you're able to shield your clients and yourself from being defrauded or unknowingly committing fraud.
Keeping It Honest: Understanding Real Estate and Mortgage Fraud has been updated to discuss the latest fraudulent schemes and explain recent government initiatives aimed at stopping fraud and protecting consumers.
Course Highlights:
- Fraud and its impact on the real estate industry
- The newest and most prevalent types of fraudulent schemes
- Red flag behaviors that suggest someone is engaging in fraud
- How to report fraudulent or suspected fraudulent activities to the proper authorities
- Key government initiatives aimed at stopping fraud and protecting consumers
- Activities and scenarios to provide real-world context for course content
State Requirements For Utah
Utah State Requirement Details for Real Estate Broker and Sales Agent Continuing Education
Renewal Date: Licenses are valid for a two-year period and must be renewed no sooner than 45 days prior to and no later than the expiration date. All CE must be completed by the 15th of the renewal month to ensure on-time renewal.
Hours Required by the State: 18 hours
- 3-Hour Mandatory Course in Residential, Commercial, or Property Management
- 6 hours of other core topics
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state-approved forms and contracts
- other industry used forms or contracts
- ethics
- agency, agency agreements, and fiduciary duties
- short sales or sales of bank-owned property
- environmental hazards
- property management
- prevention of real estate and mortgage fraud, including wire fraud
- federal and state real estate laws
- fair housing, diversity, identifying bias, promoting equity, and inclusion
- division administrative rules
- broker trust accounts
- water law, rights and transfer
- multiple offers
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- 9 hours of other core topics or elective topics
Utah Division of Real Estate
Street Address: Heber M. Wells Building, 2nd Floor, 160 East 300 South, Salt Lake City, Utah 84111
Mailing Address: PO Box 146711, Salt Lake City, Utah 84114-6711
Telephone: (801) 530-6747
Email: realestate@utah.gov