Claim Prevention & Risk Management

Nice tan and gray brick sided house with walkway leading up to door

Selling Estates Where Multiple Parties Are Involved: A Guide for Real Estate Agents

Selling estates where multiple parties are involved is very common. The multiple parties involved in real estate transactions vary from couples and families, to trusts or deceased estates where multiple beneficiaries wish to sell a co-owned property. The most common types of multiple-party property ownership are Joint Tenancy or Tenancy by Entirety. Joint ownership occursRead More

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Managing a Culturally Diverse Team

If you’re a real estate broker, there’s a high chance you’re managing a culturally diverse team of real estate agents. As of the 2018 Census, 60% of the U.S. population was non-Hispanic white while 40% was from other ethnic and racial backgrounds.  When managing a diverse team, there are some best practices you can implementRead More

model of house with law gavel next to it

How Good Real Estate Professionals Can Get Mixed Up in Negligence Claims

As a real estate professional, there are risks in your business which make you vulnerable to lawsuits. When you’re balancing multiple listings, contracts, clients, prospects, open houses, marketing and managing your business, it’s understandable that mistakes can happen, even when you have the best of intentions.  Unfortunately, these mistakes can cost you your reputation inRead More

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How Do You Manage the Lawsuit Risk in Your Real Estate Business? Could You Do it Better?

Managing the risk of E&O claims and lawsuits is especially important in real estate. One serious lawsuit could destroy your business — or your reputation. So you want to put procedures in place and identify resources to help reduce your risk as the first line of defense.  With an effective risk management plan, you’ll haveRead More

homes in alley with graffiti on walls

Selling a Home in an Undesirable Area

Selling a home in an undesirable area can create many challenges for real estate agents. Apart from the difficulty of selling even the best home in a bad location, there may also be potential issues with showing the home and or safety for you and your team.  Firstly, let’s look at why some homes areRead More

group toasting with beer glasses

Managing Alcohol-Related Liabilities in Your Real Estate Business

Do you provide hospitality to sellers, buyers, or even your own team of real estate agents? Where do you stand with alcohol? What happens, for example, if you serve alcohol at an open house, an event or function, and something goes wrong? What happens if a client has an accident on the way home afterRead More

White washer with door open filled with a pile of American $50 bills

What to Do if You Suspect Money Laundering Through a Real Estate Sale

Money laundering is a growing concern in America. Criminals are getting smarter at finding ways to launder their proceeds of crime, and the real estate industry has become a major target.  Have you suspected money laundering or suspicious activity in the course of your business? It’s important to be aware that it can happen andRead More

team interlocking hands

Accommodating Mental Health Disabilities Within Your Team

Millions of people are affected by mental health issues and mental illness in the United States. When we talk about mental illness, this is a general term which includes conditions such as:  Anxiety, mood disorders, bipolar, schizophrenia, and other such illnesses.  Mental health problems can affect how an individual thinks, feels, behaves — and alsoRead More

man making a list to be prepared

What real estate brokers should remind their agents about this month: Disaster Preparedness

As a busy real estate broker, managing risk is a critical part of your business. This means you need to provide guidance to your real estate agents about potential risks and how to minimize them. This month’s topic to discuss with your agents is Disaster Preparedness. Disaster preparedness is one of those issues that’s oftenRead More

gavel and concept house on clipboard

The Top 3 Reasons for E&O Claims Against Real Estate Agents

As a real estate professional, you face risks every day in the course of your business. These risks can lead to costly mistakes — with financial implications as well as potential damage to your hard-earned reputation. So it’s a good idea to be aware of the major reasons for E&O claims against real estate agents,Read More

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