The Big Picture: You May Owe More Than Just Your Deductible
Real Estate E & O covers attorney’s fees and damages, after you’ve paid your applicable retention (out-of-pocket claims expense). However, there are many more expenses associated with a claim that are not classified as attorney’s fees or damages. Also, Disciplinary Hearings, volunteer work for a Board or other Not-For-Profit can result in legal expenses notRead More
How to Report a Claim
What to do in the Event of a Claim 1. DON’T PANIC! Many of the claims made against Brokers and Agents are frivolous and will go away with a proper response from our Legal Forum. It is important to remember that a claim does not always mean a lawsuit served on you. A Claim may be aRead More
“Stress Less” Hotline
What makes CRES different from other Real Estate E&O providers? Other E&O providers ask you to contact them when you actually have a claim, while CRES wants to hear from you the moment you think you have an issue that might become a claim. Our risk management attorneys are here to assist you in resolvingRead More
The Legal Forum: How Can Real Estate Agents Fight Claims Before They Happen?
The Legal Forum is a CRES Current exclusive. Want free legal advice from legitimate lawyers? If so, stay tuned to the CRES Current for the new LF column every month! How can I prepare for potential claims? Keep a Transaction Log and Document Everything in the File Keeping a transaction log of what occurs whenRead More