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Do You REALLY Know What Your Real Estate Team Members Are Doing?

Coming off the challenges of the pandemic, your real estate business may now be booming. With some real estate professionals feeling there aren’t enough hours in the day, could things fall through the cracks — or some best practices fall by the wayside —  and cause problems for your business? You’ve handpicked your team. YouRead More

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How to Avoid Real Estate E&O Claims Responsibly and Eliminate Finger-Pointing

As a real estate professional, you always want to come across as knowledgeable and helpful to your clients. However, you could find yourself facing a lawsuit if you try to be “too helpful” and go outside of the scope of your expertise.  A prime example: real estate licensees are ordinarily under no duty to conductRead More

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7 Things Your Real Estate Brokerage’s Coronavirus Policy Should Cover

With the introduction of COVID-19 vaccines, some normality is returning to the community and the business world. But, an internal Coronavirus Policy is still important for real estate brokers. Now is not the time to be complacent.  Here are 7 things your Coronavirus Policy should cover: 1. Cleaning and Sanitization Procedures All areas of yourRead More

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Why Real Estate Agents Shouldn’t Make Representations About Permits — and How to Protect Yourself

It’s common for real estate agents to pull the permit file and include it in the disclosure packet. But this can be risky and make you vulnerable to a permit-related lawsuit. Here are the reasons why: 1. Permit Files May Be Incomplete or Contain Errors A permit file doesn’t show unpermitted work. It only showsRead More

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How to Handle Negative Online Reviews For Your Brokerage

According to the Pew Research Center, 85% of Americans go online daily. That percentage includes 31% of people who report they’re online almost constantly and 48% who say they’re online several times a day.  What are they doing online? Your potential customers are doing independent research online before deciding on their next home or choosingRead More

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Selling a ‘Stigmatized’ Property

According to the National Association of REALTORS®, a ‘stigmatized’ property is a place that has been ‘psychologically impacted by an event which occurred or was suspected to have occurred’. It’s where there is no physical defect — the property itself could be in great shape. It’s not like a leaky ceiling or bathroom mold that’sRead More

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How to Help Your Real Estate Clients Avoid Deed Fraud and Scams

Deed fraud is on the rise, and real estate agents must be vigilant to help clients avoid these increasingly sophisticated scams.  What is Deed Fraud? It typically involves scammers choosing a property (often a vacant home) and gathering information to then assume the owner’s identity. They forge their name on the transfer paperwork —and arrangeRead More

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5 Tips to Create an Effective Risk Management Framework for Your Brokerage

Every small business can benefit from having a risk management framework in place to minimize risk, liability and lawsuits. But for real estate brokers, it’s truly essential to protect you and your business, as well as your team.  If you have multiple staff members (or contractors), many clients, and a fast-paced business, it can beRead More

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6 Pitfalls When Selling Homes That Need to be Demolished

Selling homes that need to be demolished can be challenging for real estate agents. There are safety issues and other potential risks to consider. If you want to minimize your chance of facing a lawsuit, here are 6 pitfalls real estate professionals should watch out for when selling homes that need to be demolished.  1.Read More

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How To Prevent a Ransomware Attack

Your real estate brokerage, mortgage brokerage, property management company, or appraisal company is dependent upon electronics to function on a day-to- day basis from emails, online research, electronic storage of data, research and the like. Cyber-criminals have developed “ransomware” programs to attack the electronic system of a business. The attack shuts down the electronic transmissionRead More

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