Claim Prevention & Risk Management

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How to Handle Negative Online Reviews For Your Brokerage

According to the Pew Research Center, 85% of Americans go online daily. That percentage includes 31% of people who report they’re online almost constantly and 48% who say they’re online several times a day.  What are they doing online? Your potential customers are doing independent research online before deciding on their next home or choosingRead More

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5 Tips to Create an Effective Risk Management Framework for Your Brokerage

Every small business can benefit from having a risk management framework in place to minimize risk, liability and lawsuits. But for real estate brokers, it’s truly essential to protect you and your business, as well as your team.  If you have multiple staff members (or contractors), many clients, and a fast-paced business, it can beRead More

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How to Avoid a Lawsuit When Acting as an Agent for an Auctioned Property

Managing client expectations can be a challenge at the best of times. When you’re acting as a seller’s or buyer’s agent for an auctioned property, it can be even more difficult. The auction process is fast, and it’s an intense process. Sometimes things can go awry, and even good real estate agents can find themselvesRead More

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COVID-19 – The Impact on Real Estate and How to Manage Your Risk

The situation with COVID-19 is changing each day in both the USA and other countries around the world. The coronavirus has cast a dim shadow over the world’s economy, affecting virtually every industry. Because the nature of your work as a real estate professional requires you to have a lot of human contact, the virusRead More

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How to Minimize Risks in Your Social Media Property Marketing

Property marketing skills are an essential component in a real estate professional’s toolbox. With around 2.38 billion users on Facebook, 145 million daily active users on Twitter, and more than 1 billion monthly active users on Instagram, the power of social media comes as no surprise. It’s a growing resource for real estate professionals toRead More

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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

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How to Avoid Client Injuries at Your Office

Client visits are an everyday occurrence for a real estate broker’s office. But what if a client trips or falls at your premises? What happens if something accidentally falls on a client while in your conference room or some other form of accident occurs? Clearly, there are risks associated with client visits. But the risksRead More

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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

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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

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