Claim Prevention & Risk Management

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Fraud Alert – Seller Carry Back Loans

Be aware of this pattern, typically with residential homes priced from $2 million to $3 million. Here’s how the scam works . . . There’s a request from the buyer for the seller to carry back a loan on a residential property. The deal seems straightforward: Full price cash offer Quick close However, there areRead More

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Know the Risks of Selling Real Estate Property in an Unfamiliar Area

Clients choose a real estate agent based on a number of factors, but one is their knowledge of the area. If you’re selling property in an unfamiliar area, you may miss critical information that could have an impact on a sale or even lead to a lawsuit. If you’re called to sell in an unfamiliarRead More

roof of residential house with solar panels

How to Avoid Problems with Leased Solar Panels When Selling a Home

Solar panels can be a great selling point. Studies show they can increase the value of a home as much as $15,000, and may be appealing to home buyers who want to save on energy costs or who are particularly concerned with the environment. While solar doesn’t appeal to all buyers, solar panels are aRead More

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CRES Risk Management Webinar: COVID-19 Forms and Best Practice for California Real Estate Professionals

COVID-19 has brought a great deal of challenges to the real estate industry. Keeping up with exactly what forms should be used in transactions is one of those challenges. Keeping up-to-date with changes to the forms and guidelines as they evolve during the pandemic is another.  There are risks today that didn’t exist ever beforeRead More

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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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