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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

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

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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

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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

Business man surprised by saving money Real estate E&O insurance

How to Reduce Your Real Estate E&O Insurance Deductible

The deductible on your real estate E&O insurance policy is going to function in a similar capacity to other deductibles you may have, such as for auto or medical insurance. A deductible is your total out of pocket expense paid before your insurance kicks in. The difference between real estate E&O insurance deductibles and mostRead More

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Claim Prevention E&O Toolkit: Tools to Avoid a Real Estate Lawsuit

When does real estate E&O insurance protect you far beyond the typical policy?  When the E&O insurance actually helps you every day — with access to claim prevention resources to help you avoid a claim, not just cover it after the fact. But what’s in that claim prevention toolkit? How do you access and useRead More

woman stressed about real estate lawsuit

What To Do When Your Words Cause a Real Estate Lawsuit Risk

Misunderstandings happen. Like the time Lisa, a mortgage broker, told a buyer they were “good to go.” Lisa meant that the buyer had submitted everything she needed to review their loan. The buyer thought “good to go” meant that they were approved for the loan, and they put a $10,000 down-payment on a home. WhenRead More

Male and female looking over real estaet e&o insurance options

Real Estate E&O Coverage for Prior Transactions: What Are My Options?

Never heard of Full Prior Acts or didn’t know there was a difference in Prior Acts coverage? You might wonder if one covers you for transactions that occurred in the past, why doesn’t the other? Are there exclusions? Here are the important differences you need to know between Prior Acts coverage and Full Prior ActsRead More

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Your Real Estate E&O Insurance Q and A

Real estate E&O insurance and claims prevention does not have to be complicated or scary. The first smart move is to get educated, so you know how to buy only what you need; the second is to get insured. We have compiled the most common questions we get asked about real estate E&O insurance andRead More

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