Blog

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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

forest wildfire

Risks When Representing Clients With Wildfire Damaged Real Estate

How to manage 4 key areas of risk when a client’s home is destroyed by CA wildfires If you’re a California real estate professional, chances are you may have represented a buyer who purchased a home that ended up being destroyed by wildfires. If you haven’t already, you may in the future. Or, perhaps youRead More

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Providing Information And Data To Your Clients: 6 Top Tips To Avoid A Lawsuit

In our litigious society today, real estate agents like you need to protect yourself against potential risks and lawsuits. One scenario where you face a high degree of risk is when you provide information and data to your clients. There are plenty of good reasons why, as a real estate agent, you would provide informationRead More

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When To Disclose Crime Activity Around Your Real Estate Listings and Rentals

Are you aware of local crime rates, recent criminal activity, or if a sex offender lives near one of your client listings or rentals?  Disclosing what you know about criminal activity around a listing to interested buyers will help you avoid misinterpreting the property’s value — and keep you out of legal trouble whether representingRead More

duplex with gaarges in the middle

Representing Buyers of Income Property with Tenant Agreements

Buying a duplex can be appealing to clients for a number of reasons. Your buyers of multi-family homes need to know what happens to tenant agreements when property transfers to a new owner. CRES Risk Management recently heard from a client who was representing the buyer of a duplex. In this situation, one side ofRead More

clipboard home appraiser in front of house

How to Avoid a Lawsuit When Appraising a Home

As an appraiser, you face many risks in different aspects of your business. To make sure you don’t face a lawsuit at the end of a long day appraising properties, it’s important to know what potential “hazards” lie ahead. The Top 3 risks that have the potential to cause issues in your appraisal business are:Read More

open house for sale sign in yard

Protecting Yourself Against Contingent Liability

As a real estate agent, it’s important to understand what contingent liabilities are and what’s covered under your E&O insurance.  A contingent liability is a liability or debt that may or may not occur depending on the outcome of a specific event. Common examples in the real estate industry are lawsuits and pending investigations, asRead More

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