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Attorneys with contract and pens in hand

Multiple Offers Gone Wrong: How the CRES Legal Hotline Prevented Multiple Claims Against One Agent

A listing received multiple offers.  The seller narrowed it down to two, and the agent sent out two counteroffers – but failed to specify which counter was back up. The only contingency was the seller’s ability to find a new home. Before the agent realized the mistake, both counters were accepted and returned within minutesRead More

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What Real Estate Brokers Should Remind Their Agents About This Month: VEHICLES

As a real estate broker managing a team, you need to be aware of the risks and liabilities of your business. Vehicles are used frequently in the real estate business, and they are a risk factor. It’s important to be aware of where you stand if one of your team is involved in a vehicleRead More

Brown dog in house

How to Avoid a Lawsuit When You’re Selling a House With Pets

Selling a property that is home to pets can be a challenge for a real estate agent. But, with around 60% of households owning a pet, it’s a fairly common occurrence. The degree to which pets will be a problem largely depends on what type of pets you’re dealing with and the condition of theRead More

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Top Risks Agents Face When Acting as Property Managers

If you’re a real estate professional acting as a Property Manager, you face many risks every day in the course of business. Attorney Rinat Klier Erlich recently covered key risks you should watch out for — and how to mitigate them — in a webinar for CRES Insurance Services.  Erlich is a certified legal malpractice specialist withRead More

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Closing Issues & Managing the Risk

As a real estate agent, there’s nothing more exciting than closing on a real estate deal, whether you’ve represented the seller or the buyer. But, sometimes things can go wrong — things which can delay closing or, worse, stop it from happening altogether. Many of these possible scenarios will be completely out of your controlRead More

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Effective Strategies to Avoid Real Estate Claims in Texas

If you’re a real estate professional, you know it’s important to manage risk and the threat of potential litigation in your business. No one knows this better than Tom O’Connell, who’s been defending real estate professionals in errors and omissions claims statewide in Texas for more than 30 years. Tom is an approved Texas panelRead More

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Are Oral Contracts Legal in Real Estate?

Sometimes it pays to review the basics: You need a written contract when selling property.   CRES ClaimPrevent Hotline was recently contacted by a client who wanted to know if an oral contract to sell land in California is enforceable. One of our attorneys noted that in theory the sale of land can be accomplished:Read More

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Insurance Checklist for Real Estate Offices

Insurance for your real estate office can be confusing due to the liability created by independent contractor real estate licensees. We’re here to make it simple. Here’s what you need to have in addition to real estate Errors and Omissions (E&O) insurance, to protect your assets. Liability and Property Coverage Policies Depending on the sizeRead More

real estate for sale sign in front yard of house

Your Real Estate Signage — Could it Cause a Lawsuit?

Signage is an important part of a real estate agent’s marketing toolkit. Professional signage, whether it’s posted outside of the property or elsewhere in the neighborhood to promote an open house, can increase your leads and attract potential buyers. Real estate signs sell properties faster. But, like everything in business, there are some risks associatedRead More

distraught real estate agent with crutches

How to Avoid a Lawsuit When a Real Estate Agent is Injured and Unable To Work

As a real estate agent, being fit and healthy is very much a requirement to keep up with the competition. What happens when an unexpected injury or illness occurs that impacts your ability to do your job? Whether it’s an injury obtained on the job — like slips or falls or a car accident —Read More

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