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duplex with gaarges in the middle

Representing Buyers of Income Property with Tenant Agreements

Buying a duplex can be appealing to clients for a number of reasons. Your buyers of multi-family homes need to know what happens to tenant agreements when property transfers to a new owner. CRES Risk Management recently heard from a client who was representing the buyer of a duplex. In this situation, one side ofRead More

clipboard home appraiser in front of house

How to Avoid a Lawsuit When Appraising a Home

As an appraiser, you face many risks in different aspects of your business. To make sure you don’t face a lawsuit at the end of a long day appraising properties, it’s important to know what potential “hazards” lie ahead. The Top 3 risks that have the potential to cause issues in your appraisal business are:Read More

open house for sale sign in yard

Protecting Yourself Against Contingent Liability

As a real estate agent, it’s important to understand what contingent liabilities are and what’s covered under your E&O insurance.  A contingent liability is a liability or debt that may or may not occur depending on the outcome of a specific event. Common examples in the real estate industry are lawsuits and pending investigations, asRead More

house with auction gavel in front of it

How To Manage Client Expectations About Real Estate Auctions

A real estate auction can be a highly effective way to sell a property. It’s an accelerated and intense process which can reduce the length of time a property sits on the market. It can also reduce costs and effort (on both the part of the agent and sellers) associated with ongoing marketing and multipleRead More

subpoena document

Subpoena Coverage: Who Needs It and Why

Recently, a CRES client, a real estate broker, received such a subpoena. One of his former agents had been the listing agent for the family home of the divorcing couple. Although there didn’t appear to have been any assertions made against the broker or the former agent, the broker had been subpoenaed. In this case,Read More

Real Estate Lockbox Risks and How to Manage Them

Real Estate lockboxes make it easy to show your properties when the seller is away or unavailable. There’s no need for buyer’s agents to travel to and from your office to pick up the key. This convenience will make your listing more attractive and can often differentiate between other properties which aren’t set up withRead More

man with blindfold on

Selling a Property Sight-Unseen

According to a survey commissioned by Redfin, around 35% of real estate buyers purchased a property sight-unseen last year. These buyers often purchase at the higher end of the market, in competitive real estate markets such as Los Angeles, San Diego, and San Francisco. Sight-unseen purchases are also common among investors who want to rentRead More

Maximize Engagement From Your Social Media Posts While You Minimize Risk

With more than a billion users on Facebook and Instagram, half a billion on LinkedIn and more than 300 million on Twitter, social media must never be overlooked as a marketing channel. Through social media, you can communicate with your existing clients and attract new prospects. The conversations here can also provide you with valuableRead More

Home Inspections—Do Real Estate Agents Need to Be There?

Home inspections can add peace of mind for buyers. What is your role as a real estate agent, beyond recommending an inspection? First, don’t oversell the home inspection. Provide several options for home inspections and note in writing that buyers can choose somebody else. Make sure you document your recommendation to have a home inspectionRead More

woman on computer typing email

Technology Traps: Lessons Learned from Real Estate Litigation

Unfortunately, there are many painful lessons learned about “technology traps” from the litigation home front. Real estate agents rely on technology to do business. But that reliance can sometimes cause problems. Real Estate Litigation and the Cut and Paste Trap Do you rely on eContracts or digital real estate contracts? Something driving a lot ofRead More

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