Claim Prevention & Risk Management

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Selling Homes During Extreme Heat Conditions

The summer home-selling season is only months away — and with it comes risks to your business when selling homes during extreme heat conditions.  2019 saw the United States grapple with significant heatwaves across the country. As temperatures soared, major events such as the New York City triathlon were canceled.  Record temperatures caused disruption toRead More

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Selling Properties with a Pool or Spa

With the summer months coming, properties with pools and spas can be attractive f to buyers. In some states, like California and Florida, they’re almost as standard as bathrooms and kitchens. The National Association of REALTORS® suggests that homes with pools are valued more than 50% higher than those without one. Selling homes with poolsRead 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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Workers’ Compensation – What It Is and Why You Need It

If you’re a real estate broker managing a team of real estate professionals, you have a duty of care to protect your team. Have you considered what might happen if one of your team injures themselves in the course of their work? Are you abiding by the workers’ compensation laws in your state? Do youRead 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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Selling a Home Where Drug Activity Has Occurred

Selling a home where there’s been drug activity can be problematic for any real estate agent. There are potential safety issues for you, your team, and prospective buyers when you’re showing the home. There’s also the possibility of a lawsuit if a buyer is unaware of the drug activity and finds out after purchasing. So,Read More

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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