Claim Prevention & Risk Management

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Avoid Being Sued for Discrimination by Carefully Following the Fair Housing Act Standards in All Real Estate Advertisements

Realtors®, property managers and leasing agents: you can inadvertently and unintentionally become liable for racial discrimination if you aren’t careful in  advertising for housing, whether in MLS or other publications.      What you may not know about ads and Fair Housing The Fair Housing Act makes housing discrimination based upon race illegal.  You may not realizeRead More

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6 Compliance Items to Review to Protect Your Real Estate Brokerage This Year

Now that 2021 is well underway, it’s a good time to review any risks and vulnerabilities within your business. Here are 6 things that every broker should review to protect your real estate business: 1. ADA Compliance for Websites A website is a valuable asset for any broker or real estate professional. But, do youRead More

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Top 10 Mistakes Real Estate Agents Make That Leave Them Vulnerable to a Lawsuit

As a real estate professional, you want to do everything you can to  minimize your risk and protect yourself from potential lawsuits. Here are the Top 10 mistakes real estate agents make that leave them vulnerable to a lawsuit. Check out our tips to  avoid them.  Failure to get everything in writing  It’s essential toRead More

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CRES Risk Management Webinar: Understanding Obligations and E&O Issues for Real Estate Brokers

In this webinar, Mark Carlson, Attorney from Carlson Law Group and Dave Miller, Regional Vice-President with Fidelity National Home Warranty, discuss real estate broker obligations. They provide valuable insight into what brokers can do to help manage your business risk while supporting your team, especially your new agents. And they also cover the ramifications ofRead More

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Disclaimers, Waivers and COVID-Related Clauses in Real Estate Contracts — How to Minimize Your Risk as a Broker

As COVID-19 continues to impact the world, it also continues to make its mark on the real estate industry across our nation. Many “business as usual” activities, such as open houses and home inspections, are increasingly risky in a COVID environment. Brokers now need to not only be great leaders in a challenging sales environmentRead More

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How to Handle a Real Estate Buyer with a Criminal Background

You’re the listing agent, and your seller gets a cash offer $2000 over asking price. Nobody has signed anything yet, but your client is pretty happy! And then the seller does a search on the buyer and discovers what appears to be a criminal background in another state. The seller has concerns for their neighborsRead More

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Selling Real Estate in ‘Qualified Opportunity Zones’ — Tips and Risks

The Qualified Opportunity Zones Program was introduced with the 2017 Tax Cuts and Jobs Act. The program aims to boost economic growth to disadvantaged and ‘economically distressed’ communities. It does this through providing valuable opportunities for real estate investment, development and tax incentives for investments in specific areas designated as Qualified Opportunity Zones (QOZs).  WhatRead More

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The Pitfalls Of “Love Letters” Sent By Potential Buyers Or Renters Of Real Estate To The Seller Or Landlord

In today’s competitive California real estate market, I have seen buyers attempt to obtain an edge on their competition by writing and sending letters to the sellers. These letters describe the buyers, their immediate family, and why they would be perfect buyers for the listed property being offered for sale.  Some buyers include photographs ofRead More

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Managing Foreign Investment Sales

Although foreign buyers only account for a small portion of all home sales in the United States, $74 billion worth of property was sold to foreign buyers from March 2019 – March 2020. According to the National Association of REALTORS® (NAR), the sales  included 154,000 properties, and 61% of these were resident foreign buyers*. OnRead More

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Dealing with Clients with Allergies and Illnesses During the Pandemic

According to the Asthma and Allergy Foundation of America, allergies are the sixth leading cause of chronic illness in the USA and more than 50 million Americans experience allergies each year. It is widely known that people who have allergies or illnesses are particularly vulnerable during this pandemic as they are more prone to experiencingRead More

Did you realize that real estate ads for housing cannot mention any prohibition against those with criminal history… You can give your home sellers their own E&O coverage, when you provide a CRES Qualified Home Warranty from Old Rep…