Claim Prevention & Risk Management

Risks to Avoid When Selling a Vacant Home

You might need to sell a vacant home for any number of reasons — perhaps it’s a newly built home, the seller has already relocated, or maybe it’s a rental and the tenants have just moved out. Of course, vacant homes can take longer to sell. Empty homes can make it difficult for prospective buyersRead More

Representing Divorcing Sellers: What You Need to Know

When a couple decides to divorce, one thing they need to do is make a decision about their home. One option of course is to sell. If you haven’t found yourself in the position of  representing divorcing sellers, there’s a good chance you might. It pays to be clear on what you need to knowRead More

lock and data privacy concept GDPR

GDPR and the Impact on Your Real Estate Business

General Data Protection Regulation (hereinafter GDPR) is one of the biggest changes to data security and privacy in Europe in decades. One has probably seen some of the effects of the GDPR in the United States in your own email. For example, companies you opted into long ago asking you to re-subscribe. This begs theRead More

female and male friends or family discussing real estate deal

How to Protect Yourself When Dealing with Close Friends and Family in Your Real Estate Business

It may seem natural as a real estate agent to want to help a close family member or friend buy or sell a house.  But you should know the potential consequences if you decide to act as a buyer’s or seller’s agent for someone close to you. There are three main risks you should beRead More

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

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

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

neighbors shaking hands on verbal easement

How to Keep a Verbal Easement from Turning into a Lawsuit

Have you represented a property with a verbal easement? If so, did the buyer or seller get an Improvement Location Certificate (ILC)? If not, you could end up with a headache – or a lawsuit. We’ll share an agent’s actual experience and show you the best way to handle past and future sales. Recently, CRESRead More

business woman using smartphone urban background

What to Do When A Real Estate Lawyer Wants to Talk to You

Don’t let a simple inquiry escalate into a real estate E&O claim You see the email pop into your inbox, or the receptionist tells you there’s an attorney on the phone. It’s a real estate lawyer, and they have some challenging questions for you. Don’t panic. Here is what you need to know before youRead More

checkmark next to smiley face

Can You Avoid Real Estate Lawsuits with Good Customer Service?

Your excellent customer service is essential in real estate. Satisfied clients stick with you, become repeat customers, and refer others to you. Dissatisfied clients, on the other hand, may spread negative reviews or sue. The reality is that things go wrong or problems crop up even when you’ve tried to do everything right.  So howRead More

RT @realtormag: How to explain to prospects and clients that your specific real estate knowledge is worth the money they’ll pay for your se… Colorado Realtors®: it's time to renew your E&O policy. CRES Real Estate E&O FAR exceeds the coverage of the group… https://t.co/JJj2Y69BrD