Blog

male agent shaking hand in front of house

Avoid a Lawsuit as a Dual Agent Selling Your Own Home

You’re ready to sell your house. Good thing you’re a real estate agent. You can represent yourself—and maybe the buyer, too (depending on your state)—streamline the process, and make more money. But before you do, understand the risks of a real estate lawsuit in a dual agent situation when you are selling your own property.Read More

woman real estate agent tearing up lawsuit

How to Handle Being Misnamed in a Real Estate Lawsuit

Getting hit with a real estate lawsuit is stressful—even when you shouldn’t have been named as a defendant. Recently a CRES client received a solicitation letter from a law firm alerting him that he was a named defendant in a real estate lawsuit. Since our client is not the owner of the real estate companyRead More

young couple drinking champagne with boxes in house

Why a Listing or Selling Agent Should Buy the Home Warranty

Anytime a home is part of a real estate transaction, an opportunity exists to protect it with a home warranty plan. For real estate professionals, purchasing a home warranty for your clients is one of the simplest ways to boost attraction factor, particularly for older or hard-to-sell-properties. Why a Listing Agent Should Buy the HomeRead More

tax forms and calculator

Why Real Estate Agents Shouldn’t Answer Tax Questions from Clients

In real estate, customer experience is more important than marketing messages. Most large metro areas have hundreds of real estate professionals (many options for buyers/sellers), and a good percentage of new business for most real estate agents comes in the form of referral. As a result, it’s important for real estate professionals to go theRead More

house on top of calculator

What is a Seller Carryback? How to Protect the Seller and Yourself in a Seller Carryback Transaction

Seller carryback financing is when the seller of a given property acts as a lender for a buyer on the seller’s property. The end result is that the buyer signs a promissory note to the seller, for the amount of the carryback with a set interest rate, set monthly payments, and a set time forRead More

Neighborhood in flood zone under water

FEMA and Flood Zones: Real Estate Agent Frequently Asked Questions Answered

When selling or buying a property in or near a flood zone, all parties associated with that purchase will have questions, concerns and mandates. These parties are the buyers, sellers, real estate agents, insurance providers, and lending officers. For you, the real estate agent representing the buyer or seller, we have compiled a list ofRead More

signing agreement with pen

A Property Manager’s Guide to Successful Property Management Agreements

Many real estate professionals have diversified their business models and become involved in real estate property management. This has been an excellent source of revenue for these professionals, whether they act as property managers or landlords. With this diversification has come a learning curve and the use of different forms for risk management. The keyRead More

multiple hands raised reaching for house

Multiple Offers: How to Reduce Your Risk of a Real Estate Lawsuit

While multiple offers are certainly enviable for listing agents, they also increase the risk of a real estate lawsuit when certain steps, procedures, and laws are not followed. An agent with multiple offers on a listing should take time to strategize with the seller about options for proceeding, and review the pros and cons associatedRead More

house plans with ruler square footage

How to Avoid a Real Estate Lawsuit When MLS Gets Things Wrong

Using a multiple listing service (MLS) has benefits for agents, but what if your MLS gets information wrong? Let’s look at how you can protect yourself from a real estate lawsuit and serve your client in this situation. Recently, we spoke to a broker who uses the MLS in his area. The MLS automatically populatesRead More

phone electronic communication

Real Estate Electronic Client Communication: Best Practices to Avoid E&O Claim Situations

Did you know that even a text message between you and a client can be used as defense a should a real estate E&O claim be filed against you? Proactive and documented communication is essential in the real estate industry to help reduce your risk of a claim. But what exactly qualifies to be inRead More

So you've passed your real estate #licensing #test...now what? These are the tips you need to succeed!… https://t.co/JBVHxMvX8T Suggest that your #realestate #sellers order a #CLUE report. It can reduce your risk and theirs. Learn more… https://t.co/KPKcp1Lhyh