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man checkmarking real estate eo options

How to Customize Your Real Estate E&O Insurance to Get Exactly What You Need

Odds are that you don’t need every type of coverage that a real estate E&O insurance policy could include. For example, if you’re just getting started in real estate, you likely won’t need to buy extra Full Prior Acts coverage (because you haven’t closed any transactions or ‘prior acts’ if this is your first timeRead More

woman on phone stressed about possible real estate lawsuit

Don’t Try to Resolve Real Estate Issues that Could Become E&O Claims on Your Own

Have you ever received a call from unhappy buyers because of misinformation in an MLS listing? Trying to deal with issues like these can be a big headache—and lead to lawsuits. That’s why you want to get support early in the process when there is still time to help prevent claims and potential litigation. CRESRead More

Agent holding keys to agent owned property

Avoid Real Estate E&O Claims Resulting From Agent-Owned Property Sales

Real estate professionals have an inside track when it comes to buying and selling real estate for their own interest or investment purposes. However, these Agent-Owned Property transactions can create risks that aren’t covered by real estate E&O insurance, leaving agents responsible for costly E&O claims and lawsuits. So how can you reduce your riskRead More

real estate agent taking notes on eo coverage limit terms

Understanding What Real Estate E&O Insurance Coverage Limits Mean

When you look at your Real Estate Errors and Omissions (E&O) Insurance policy and see “$500,000/$500,000” limits do you know exactly what each number means? When you’re considering something as crucial to the survival of your business – and the protection of your family’s personal assets — it’s important to understand what every element ofRead More

model of house next to gavel

How to Avoid Real Estate Lawsuits when Working as a Dual Agent

Dual Agency, where the real estate agent is acting on behalf of both the buyers and sellers, can be very attractive to some agents. Not only does acting as a dual agent streamline the transaction process, but it can also be more lucrative when the agent keeps the entire commission. (Dual agency can also meanRead More

man on phone figuring out real estate disclosure confusion

How to Avoid a Real Estate Claim Due to Disclosure Confusion

Has a property you were selling ever received an unfavorable inspection report? You know that you need to disclose negative reports, but how do you do that legally? Let’s take a look at what happened when one of our clients faced that issue. The buyer received the inspection report and was unhappy with the amountRead More

Do’s and Don’ts of Real Estate EO Claims

What To Do and Not Do When Threat of a Real Estate Claim Hits

As a real estate professional you will most certainly cross paths with a potential claim during your career. So, what do you do? What don’t you do? First of All, Don’t Panic Regardless of how a potential claim presents itself (be it an angry email, strongly worded letter, or even a heated conversation with theRead More

woman reviewing real estate listing marketing to avoid real estate lawsuit

Real Estate Listing Marketing — What to Watch for to Avoid a Real Estate Lawsuit

It can’t be stressed enough — getting real estate transaction details in writing is so critical when it comes to documenting a client’s home sale or purchase. Emails, notarized documents, and even text messages (recommended as a last resort) can help to clarify the information you are sharing with a buyer or seller, as wellRead More

man making time out sign with hands

Why You Shouldn’t Buy Real Estate E&O Insurance from a General E&O Company

Real estate E&O insurance is unique from other types of business insurance. Each real estate transaction can present a different set of risk considerations, challenges and regulations to abide by than the previous transaction. Real estate E&O insurance is unique. Nowhere else is there the same Independent Contractor relationship between licensee and the Firm. ThisRead More

Key in door

How to Be Protected From Real Estate Open House and Showings Lawsuits

Did you know that most real estate E&O insurance policies don’t offer coverage for claims that arise due to injuries or property damage at open houses and showings? (It’s also called Contingent Liability coverage.) If something gets damaged or goes missing — you pay for it. A client cuts himself trying to open a windowRead More

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