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Common Housing Issues that Cause Real Estate E&O Claims

Put yourself in a buyer’s shoes for a minute. You’ve found your dream house. You make an offer that’s accepted. You’re so excited. And then that dream turns into a nightmare: lead, asbestos or mold. Or maybe you thought there was a sewer hook up, but there’s only septic. Or the updates the agent ravedRead More

Woman blowing in balloon to expand it

Expanding Your Real Estate Services? Don’t Forget to Expand Your E&O to Cover the Risks

Have you expanded your real estate services since you last renewed your real estate E&O insurance? Are you sure you have coverage for everything you’re now engaged in? Changes in real estate business models and how buyers and sellers engage has pushed real estate agents and brokers to expand their service offerings over the pastRead More

Real Estate Agent at firm with individual eo insurance

Do You Need Your Own Real Estate E&O Insurance Policy? Firm vs. Individual

Even if your firm carries amazing real estate E&O insurance, there can still be gaps, limitations and exclusions. These potential gaps vary from firm to firm based on their most common business activities and overall coverage needs. This is why having an individual real estate E&O Policy tailored to your exact activities and history isRead More

man on email avoids real estate phishing scam

How to Avoid Real Estate Phishing Scam Cyber Attacks

What would you do if you got an email message like this:   Subject: Re: Offer Attached is the copy of my clients offer, I wait to hear from you. Regards, James Jones James Jones Appraisal, Inc. Crestwood Advisors, Inc. Crestwould.com 100 Cargil Rd. #202 San Diego, CA 92123 555.555.8101 (office) 555.545.0009 (cell) 555.555.8102 (fax)Read More

man checkmarking real estate eo options

How to Customize Your Real Estate E&O Insurance to Get Exactly What You Need

Odds are that you don’t need every type of coverage that a real estate E&O insurance policy could include. For example, if you’re just getting started in real estate, you likely won’t need to buy extra Full Prior Acts coverage (because you haven’t closed any transactions or ‘prior acts’ if this is your first timeRead More

woman on phone stressed about possible real estate lawsuit

Don’t Try to Resolve Real Estate Issues that Could Become E&O Claims on Your Own

Have you ever received a call from unhappy buyers because of misinformation in an MLS listing? Trying to deal with issues like these can be a big headache—and lead to lawsuits. That’s why you want to get support early in the process when there is still time to help prevent claims and potential litigation. CRESRead More

Agent holding keys to agent owned property

Avoid Real Estate E&O Claims Resulting From Agent-Owned Property Sales

Real estate professionals have an inside track when it comes to buying and selling real estate for their own interest or investment purposes. However, these Agent-Owned Property transactions can create risks that aren’t covered by real estate E&O insurance, leaving agents responsible for costly E&O claims and lawsuits. So how can you reduce your riskRead More

real estate agent taking notes on eo coverage limit terms

Understanding What Real Estate E&O Insurance Coverage Limits Mean

When you look at your Real Estate Errors and Omissions (E&O) Insurance policy and see “$500,000/$500,000” limits do you know exactly what each number means? When you’re considering something as crucial to the survival of your business – and the protection of your family’s personal assets — it’s important to understand what every element ofRead More

model of house next to gavel

How to Avoid Real Estate Lawsuits when Working as a Dual Agent

Dual Agency, where the real estate agent is acting on behalf of both the buyers and sellers, can be very attractive to some agents. Not only does acting as a dual agent streamline the transaction process, but it can also be more lucrative when the agent keeps the entire commission. (Dual agency can also meanRead More

man on phone figuring out real estate disclosure confusion

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

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