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What You Need to Do About Post-Closing Problems

You’ve closed a transaction in which you were the selling agent for the buyer. Everything went well … until the buyer discovered leaks and drainage issues that weren’t disclosed. Leaks, mold, termites, low water pressure, septic problems … any number of things can go wrong with a house that leaves buyers with large bills andRead More

building floor plan

Building Permit History Reports Reduce Liability for You & Your Clients

In real estate, it’s important to reduce your liability wherever possible, so you don’t find yourself facing a lawsuit sometime in the future. Building Permit History Reports from CRES are just one way you can reduce your liability. About  20% of real estate errors and omissions claims relate to permit issues. Whether you’re the buyer’sRead More

man fixing sink

When Your Seller is Reluctant to Do Repairs…

As a real estate professional, you will often come across sellers who are reluctant to do repairs on their home — either before listing the property, or after a buyer-requested home inspection. Your sellers may simply want to sell and move on. They may not want (or be able to) invest any additional money inRead More

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Why You Shouldn’t Exceed Your Scope of Work — A Guide for Real Estate Professionals

When you’re running your own real estate business, you provide great customer service as part of your business-building strategy. But doing so makes it easy for “scope creep” to occur. Naturally, when clients ask for advice, you’ll want to give them all the help they need and more. However, it’s crucial to keep any adviceRead More

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Employees vs Independent Contractors — What Real Estate Brokers Need to Know

As a real estate broker, knowing the difference between an employee and an independent contractor (and more importantly, communicating this to others) is crucial. Real estate agents are generally accepted as independent contractors in the United States.  But a rise in litigation is challenging that status, and the need to define your relationships with yourRead More

open house sign on sidewalk

How to Reduce Open House Risks When Someone Else Hosts

Have you ever received a request from another brokerage — or another agent within your firm — to host an open house at a property you have listed? This can be a great option for both parties, especially if you’re busy or out of your usual area. But before you agree, you need to takeRead More

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Data Security in Real Estate: How to Minimize the Risk of Losing Important Data

Data security is increasingly important in your role as a real estate agent, because you collect data from your clients every day  Further, it’s important data, which in the wrong hands, could be detrimental to both you and your clients. Data security breaches could result in identity theft or fraud, and have long-term consequences forRead More

Man in office holding Broker Beware Takeaways sign

Real Estate Broker Beware — Most Common Complaints That Lead to Litigation

If you’re a real estate professional, it’s important you know how to detect and eliminate the most common errors and omissions. In a recent webinar, James M. Meseck, a litigation specialist from White and Steele in Colorado, gives us tips on reducing the most common risks.  He covers the most frequently litigated issues and licensingRead More

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Mortgage Fraud in Real Estate & Mortgage Brokering

As a real estate professional, you may come across mortgage fraud at some point during your career. Mortgage fraud can be defined as fraud related to property mortgages or equities. Typically, this involves a “mortgage fraud for housing” situation, where buyers misrepresent or purposely omit information in their loan application to secure a larger mortgageRead More

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

As the selling Realtor®, your buyers discovered some problems with the house after closing. Learn 4 steps to deal w… https://t.co/oYXGDcURBB RT @GreaterTexoma: Why Real Estate Pros Need an Office Environment Though technology enables agents to work entirely remotely, there may be…