RERME
Real Estate Risk Management Expert -Course Outline
📘 MODULE 1: Introduction to Real Estate Risk Management
1.1 Understanding Risk in Real Estate Transactions- 📌 Meaning of risk in real estate practice
- 🔍 Difference between risk, uncertainty, and loss
- ⚠️ Why real estate is high-risk in Nigeria
- 🚨 Risk management vs crisis management
- ⚖️ Legal risk
- 📜 Title and ownership risk
- 🏛️ Regulatory and compliance risk
- 💰 Commercial and financial risk
- 🏗️ Construction and development risk
- 🧑💼 Reputational and professional risk
⚖️ MODULE 2: Legal & Title Risk Management
2.1 Legal Risk in Property Transactions- 📄 Defective root of title
- ✍️ Invalid transfers and unperfected interests
- 🔁 Multiple sales and double allocation
- 🏛️ Impact of non-compliance with the Land Use Act
- 🧭 Pre-acquisition due diligence frameworks
- 🧩 Structuring transactions to reduce exposure
- 📌 Use of conditions precedent
- 🔐 Escrow and stakeholder arrangements
🏛️ MODULE 3: Government, Regulatory & Planning Risks
3.1 Government Powers Over Land- 📕 Revocation under the Land Use Act
- 📍 Acquisition and overriding public interest
- 🚧 Planning enforcement and demolition risks
- 🏢 Understanding planning authorities
- 🗂️ Zoning, use classification, and approvals
- 🚫 Development without permits: risks and remedies
- 🧾 Regularisation myths and realities
💼 MODULE 4: Commercial & Investment Risk
4.1 Financial and Investment Risks
- 🏗️ Off-plan investment risks
- 📉 Market volatility and demand risk
- 💧 Liquidity and exit risk
- 💳 Funding and cash flow exposure
4.2 Risk Allocation in Transactions
- 📑 Risk shifting through contracts
- 🛡️ Warranties, representations, and indemnities
- ⚖️ Limitation of liability clauses
- 🌪️ Force majeure and default provisions
🧑💼 MODULE 5: Professional & Practice Risk
5.1 Professional Liability in Real Estate Practice
- ⚠️ Negligence, misrepresentation, and breach of duty
- 👥 Exposure of lawyers, agents, developers, and consultants
- 🚨 Disciplinary actions and reputational damage
5.2 Managing Practice Risk
- 📝 Scope of work and engagement letters
- 🗃️ Record keeping and documentation
- 💬 Client communication and expectation management
- 🛡️ Professional indemnity considerations
🛑 MODULE 6: Dispute Avoidance & Early Risk Intervention
- 🚦 Identifying early warning signs
- 🧠 Preventive legal strategies
- 🤝 Alternative dispute resolution in real estate
- ⚖️ Settlement vs litigation decision-making
🧪 MODULE 7: Practical Case Studies & Risk Simulations
- 🏚️ Analysis of failed developments
- 🚧 Government demolition case studies
- 🏗️ Off-plan investment collapse scenarios
- 🗺️ Risk mapping exercises
🎓 MODULE 8: Certification & Professional Application
- 📊 Risk assessment framework application
- 🧠 Practical evaluation
- 🏅 Certification as Real Estate Risk Management Expert (RERME)
