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Selling a Smart Home: What Real Estate Agents Need to Watch Out For

The United States is the undisputed leader in smart homes globally. In 2018, $5.474 billion was spent on smart homes across the country, and this is expected to rise in the years to come. While smart home technology adoption is only 7.7% worldwide, the rate in the US is around 15%. From smart locks andRead More

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How a CRES Seller’s Protection Plan Can Boost Your Real Estate Business

Did you know that your sellers are the main target of real estate lawsuits (based on our 20+ years of claims history)?  That’s why CRES offers the Seller’s Protection Plan, available exclusively to CRES Errors & Omissions (E&O) Insurance clients.  What is the CRES Seller’s Protection Plan and What Does It Cover? A homeowner’s insuranceRead More

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Selling Estates Where Multiple Parties Are Involved: A Guide for Real Estate Agents

Selling estates where multiple parties are involved is very common. The multiple parties involved in real estate transactions vary from couples and families, to trusts or deceased estates where multiple beneficiaries wish to sell a co-owned property. The most common types of multiple-party property ownership are Joint Tenancy or Tenancy by Entirety. Joint ownership occursRead More

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Managing a Culturally Diverse Team

If you’re a real estate broker, there’s a high chance you’re managing a culturally diverse team of real estate agents. As of the 2018 Census, 60% of the U.S. population was non-Hispanic white while 40% was from other ethnic and racial backgrounds.  When managing a diverse team, there are some best practices you can implementRead More

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How Good Real Estate Professionals Can Get Mixed Up in Negligence Claims

As a real estate professional, there are risks in your business which make you vulnerable to lawsuits. When you’re balancing multiple listings, contracts, clients, prospects, open houses, marketing and managing your business, it’s understandable that mistakes can happen, even when you have the best of intentions.  Unfortunately, these mistakes can cost you your reputation inRead More

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How Do You Manage the Lawsuit Risk in Your Real Estate Business? Could You Do it Better?

Managing the risk of E&O claims and lawsuits is especially important in real estate. One serious lawsuit could destroy your business — or your reputation. So you want to put procedures in place and identify resources to help reduce your risk as the first line of defense.  With an effective risk management plan, you’ll haveRead More

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Selling a Home in an Undesirable Area

Selling a home in an undesirable area can create many challenges for real estate agents. Apart from the difficulty of selling even the best home in a bad location, there may also be potential issues with showing the home and or safety for you and your team.  Firstly, let’s look at why some homes areRead More

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Military Lease Termination: What Property Managers Need to Know

Property managers may be faced with tenants who want to terminate a lease before it expires for a number of reasons. Leases exist for a reason and have regulations about how they can be ended, but what happens when the tenant is a military member?  Recently we talked to a CRES client who’s a propertyRead More

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Managing Alcohol-Related Liabilities in Your Real Estate Business

Do you provide hospitality to sellers, buyers, or even your own team of real estate agents? Where do you stand with alcohol? What happens, for example, if you serve alcohol at an open house, an event or function, and something goes wrong? What happens if a client has an accident on the way home afterRead More

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What to Do if You Suspect Money Laundering Through a Real Estate Sale

Money laundering is a growing concern in America. Criminals are getting smarter at finding ways to launder their proceeds of crime, and the real estate industry has become a major target.  Have you suspected money laundering or suspicious activity in the course of your business? It’s important to be aware that it can happen andRead More

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