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tiny house in garden

Tiny House, Big Problem – Understanding the legal risks of building, buying and selling tiny homes

With the current affordable housing shortage in many areas of the United States, it’s no surprise that buyers are looking for low-cost alternatives to traditional housing options. Trendy tiny homes are the new flavor of the month — from home living magazines to lifestyle channels on television and stories of low-impact and affordable housing.  Everywhere,Read More

Capitol Hill

Federal Tax Cuts and Jobs Act: What it means for you and your clients

Have you heard about the new Federal Tax Cuts and Jobs Act? As an agent, it’s never a good idea to provide financial or tax advice to your clients, as this increases your risk of a lawsuit. But you will need an understanding of how it all works. This new Act is the most significantRead More

tract home neighborhood

How to Avoid 3 E&O Claims Against Real Estate Agents Representing Tract Home Buyers

Tract homes and communities often appeal to first-time homebuyers.  Buyers like the idea of selecting a floor plan, exterior design, interior finishes, and color palette in a brand-new home. The risk lies with the first-time buyers’ inexperience in the home buying and negotiating process. They are often unaware of the extra diligence required in aRead More

House in neighborhood at sunset

Educate Your Home Sellers on FHA Loans to Reduce Your Risk of A Real Estate Lawsuit

Federal Housing Authority loans (FHA loans) have even higher loan limits for 2018 in many counties, which should make them an attractive option for a larger range of buyers.  But, there are risks that sellers’ agents should be aware of when dealing with FHA buyers. It’s critical that you inform your clients of potential issuesRead More

cyber lock

Be Alert and Prepared for Real Estate Broker Identity Theft

Our E&O client recently contacted CRES Risk Management to report that somebody was using her name, license number and professional background on a fake website. The website was designed to lure unsuspecting real estate consumers into a scam involving timeshares. She wanted to know what she could do to protect herself. Be Aware of EmergingRead More

real estate agent writing contract

How to Ensure Offer Terms Survive the Real Estate Closing: The Doctrine of Merger

Errors and Omissions claims against real estate agents or brokers are often based  on the Purchase Agreement and Sales Disclosures. Clients who feel their interests were not adequately protected often turn to filing a claim against their agent or broker. Often, claims arising from the Purchase Agreement are based on a legal concept called theRead More

real estate agents using technology

Tech Watch 2018: What’s New in Real Estate Technology

Real estate technology in 2018 will change how the real estate industry operates this year and beyond. From older apps with new upgrades, to blockchain, all the way to artificial intelligence and chatbots — new tools are coming.  As a real estate professional, you’ll have new ways to increase productivity and client satisfaction, and evenRead More

woman sitting at table in house

Can You List Property in Trust with an Uncooperative Co-owner?

There are benefits of putting a property in trust, but sometimes it can complicate matters—especially when trustees don’t agree. Have you ever had a court assigned listing for a parcel in trust? When all the parties work together, it can be a smooth process. But what happens when one of the trustees doesn’t cooperate? CanRead More

agent holding graph showing slow quarter

Making the Most of Slow Sales Quarters: How to use the extra time to prepare for what’s next

The first quarter of the year is traditionally the slowest in the real estate industry.  But you can use the time to assess and plan for success in the busy months ahead. It’s also a time to hit markets that are not your primary target during the majority of the year, such as rental properties.Read More

piles of money

Money Laundering in Real Estate: How it works, how to identify it, and how to report it

Real estate money laundering is not a new problem in the United States. According to the Financial Action Task Force on Money Laundering (FATF), the real estate industry is particularly vulnerable. The US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) agrees. Various programs and crackdowns aimed at identifying the true origins of funds areRead More

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