NCREC-Approved Electives

Secret Agent: Confidentiality and Disclosure


Description
Are you an agent with secrets? Does your listed property have a nasty narrative--a suicide? ghost? grave in the back yard? Is there a zoning change in the future? or a hurricane in the property's past? Do you have disclose that a nuclear facility is a 45-minute drive away? Do you wonder what you must keep confidential and what you must disclose? Learn the answer to these questions in this program.

Course Number: 3895 Name of elective cou...: Secret Agent: Confidentiality and Disclo...

Content
  • Section 1: Introduction and Housekeeping
  • 1.1 Introduction from Debbie
  • 1.2 Video: How to navigate this course
  • 1.3 Course description
  • 1.4 Course objectives and goals
  • 1.5 Rules of engagement
  • 1.6 The instructor
  • Section 2: MATERIAL FACTS
  • 2.1 First, let's see what you remember
  • 2.2 What do you remember?
  • 2.3 Review your results
  • 2.4 Introduction video: What is a material fact?
  • 2.5 Customer versus client
  • 2.6 Video: The difference between client and customer
  • 2.7 Disclosing agency relationships: an update
  • 2.8 New WWREA disclosure form and practice as of July 2021
  • 2.8 Video: Categories of material facts
  • 2.9 A little review quiz
  • 2.10 Video: Omission and misrepresentation
  • 2. 11 How do consumers view omission or misrepresentation?
  • 2.12 A little quiz omission or misrepresentation
  • 2.13 Video: Buyers accuse their agent
  • 2.14 Background of the Ummel case
  • 2.15 Analysis of the Ummel case
  • 2.15 A few more questions about the Ummel case
  • 2.17 Consider these responses
  • 2.18 A little quiz on material facts
  • Section 3: THE PRACTICE OF DISCLOSURE
  • 3.1: Introduction to the practice of disclosure
  • 3.2 Video: Has this broker done his due diligence?
  • 3.3 Duty to discover
  • 3.4 Video: A broker's due diligence and red flags
  • 3.5 Using Google Earth to discover and disclose
  • 3.6 Go to Google Maps or Google Earth
  • 3.7 Discovery: Questions the listing broker should ask
  • 3.8 Common knowledge and material facts
  • 3.9 A little quiz on common knowledge
  • 3.10 Trust but verify
  • 3.11 Video: Broker Bill takes a listing
  • 3.12 What Bill should investigate...and possibly disclose
  • 3.13 Discovery: Questions the buyer broker should ask
  • 3.14 The role of the RPOAD Statement; caveat emptor; trust but verify
  • 3.15 How NOT to discover or disclose
  • 3.16 What if the broker is the seller-owner?
  • 3.17 Beware of "as is"
  • 3.18 A little review quiz on the practice of disclosure
  • Section 4: construction matters
  • 4.1 Introduction: Construction matters
  • 4.2 Construction matters: Chinese drywall
  • 4.3 Chinese drywall basics
  • 4.4 (optional) Audio: NPR program on Chinese drywall
  • 4.5 Hardboard siding
  • 4.6 Hardboard siding: The lawsuit
  • 4.7 Introduction: Manufactured versus modular buildings
  • 4.8 Differences between modular and manufactured homes
  • 4. 9 Manufactured versus modular: What a broker should know: #1
  • 4.10 Manufactured versus modular: what should a broker know; #2
  • 4.11 Manufactured versus modular: What a broker should know; #3
  • 4.12 Manufactured versus modular: An infographic
  • 4.13 What is PB Piping?
  • 4.15 What does the NCREC say about the disclosure of PB piping?
  • 4.16 Introduction: Pressure-treated lumber
  • 4.17 Optional Video: CCA-treated wood
  • 4.18 Pressure-treated lumber: Is it a material fact?
  • 4.19 Video: Synthetic stucco
  • 4.20 Synthetic stucco: Litigation
  • 4.21 Video: Square footage
  • 4.22 A little review quiz on construction issues
  • Section 5: environmental issues
  • 5.1 Introduction: Environmental Issues
  • 5.2 Go to the EPA website
  • 5.3 Video: Lead-based paint
  • 5.4 What does the LBP rule require?
  • 5.5 Introduction: Radon gas
  • 5.6 Radon: Are levels high in NC?
  • 5.7 Mold basics
  • 5.8 What is meth? and who is Walter White?
  • 5.9 Selling a home where there has been drug activity
  • 5.10 Fracking and mineral rights
  • Section 6: stigmatized properties
  • 6.1 Stigmatized properties
  • 6.2 Valuing a stigmatized property
  • 6.3 A special note about COVID and stigma
  • Section 7: land use
  • 7.1 Introduction to land use issues
  • 7.2 Video: Zoning and restrictive covenants
  • 7.3 Flood plains
  • 7.4 Assignment: Let's go the maps!
  • 7.5 Onsite septic systems; straight-piping
  • 7.6 Video: Septic systems
  • 7.7 Subdivision Streets
  • 7.8 Nuclear facilities
  • 7.9 Airports and nuisances
  • 7.10 A little review quiz
  • Section 8: miscellaneous disclosures
  • 8.1 Introduction: Miscellaneous disclosure matters
  • 8.2 Audio: Miscellaneous disclosures
  • 8.3 A special note about COVID, disclosure, and discovery of material facts
  • Section 9: ethics and disclosure
  • 9.1 Ethical issues and disclosure
  • Section 10: review and summary
  • 10.1 The world's worst listing
  • 10.1A Answer to the World's Worst Listing
  • 10.2 You're almost done!
  • 10.3 Final review; this quiz counts!
  • 10.4 Answer Key
  • 10.5 Summary
  • 10.6 End-of-course survey
  • 10.7 Just hit the complete button....
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: until June 30