Blog
When to Be Wary of Cash Buyers of Real Estate
Sometimes you may come across wealthy clients that want to pay cash for a property. In the United States, only around 23% of property sales are cash transactions. Typically, buyers purchasing for investment purposes and foreign clients are more likely to pay cash than other home buyers. But, when should you be concerned about aRead More
The Latest in Real Estate Phishing Scams and How to Avoid Them
Phishing is growing in popularity among scammers wanting to earn a quick buck at the expense of unsuspecting real estate brokers and agents. Some schemes are so sophisticated that even the most discerning of professionals can inadvertently get scammed. As a busy real estate professional, you need to keep informed about the latest phishing scams,Read More
When Real Estate Sellers Don’t Want to Disclose — and What Buyers Should Be Wary of
Have you ever encountered a seller who doesn’t want to disclose? In many states, certain things must be disclosed. To facilitate this, states like Colorado have a Real Estate Commission- approved Seller’s Property Disclosure form. What happens when the seller chooses not to complete the disclosure form? In Colorado, use of the disclosure form isn’tRead More
Dealing with Real Estate Clients with Dementia and Alzheimers
According to the Alzheimers Association, one in three seniors dies with Alzheimer’s or dementia. Every 65 seconds, someone in the United States develops the disease. In your real estate business, you may come across clients in various stages of these conditions. When dealing with clients with reduced mental capacity, you need to be aware ofRead More
The 5 Most Common Seller Errors That Can Lead to Real Estate Lawsuits
Sellers can find themselves in hot water for any number of reasons, but there are 5 most common seller errors that can lead to lawsuits. Here’s how to avoid them and help your sellers to stay out of trouble. Not Disclosing All Past Property Problems In their enthusiasm to sell their property, sellers may notRead More
Due Diligence Checklist for Your Team for Real Estate Transactions
Due diligence is an important part of any real estate transaction, whether you’re representing the buyer or the seller. When advising clients about due diligence, it’s important your team is all on the same page. Consistency is key to both protecting your valued clients, your team members, and your real estate brokerage. Due diligence ensuresRead More
Airbnb and the Impact on Real Estate Sales
Airbnb has transformed the accommodation market and shaken up the property market in the process. The platform currently has 7 million listings worldwide across more than 100,000 cities, in more than 220 countries. Critics have spoken widely about the lack of regulation of the home-sharing platform, along with the impact on rental prices. All theRead More
Lessons Learned from Real Estate Contract Errors
Copy-and-paste can be a huge time saver in your real estate contract, but if you aren’t careful, it can cause more than a headache. Recently a CRES-insured broker called our ClaimPrevent® Hotline with just such a copy-and-paste challenge. She had prepared a real estate contract offer on an investment property that was listed on theRead More
Managing the Real Estate Buying and Selling Process in Unpredictable Housing Markets
Real estate is a dynamic industry with ever-changing market conditions. This unpredictability brings with it significant risks and many potential issues for real estate professionals. Let’s take a look at what pitfalls you should watch out for and what you can do to protect your real estate business. Current State of the Industry Some commentatorsRead More
How to Avoid a Real Estate Breach of Duty Claim
As a real estate professional, you face many risks every day in the course of business. Claims for “breach of duty” are just one of those risks. Here’s what breach of duty is, how you might find yourself in a breach of duty situation and what you can do to avoid the risks. What ConstitutesRead More