Claim Prevention & Risk Management

cres checklist red checkmark

Insurance Checklist for Real Estate Offices

Insurance for your real estate office can be confusing due to the liability created by independent contractor real estate licensees. We’re here to make it simple. Here’s what you need to have in addition to real estate Errors and Omissions (E&O) insurance, to protect your assets. Liability and Property Coverage Policies Depending on the sizeRead More

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How to Avoid a Lawsuit When a Real Estate Agent is Injured and Unable To Work

As a real estate agent, being fit and healthy is very much a requirement to keep up with the competition. What happens when an unexpected injury or illness occurs that impacts your ability to do your job? Whether it’s an injury obtained on the job — like slips or falls or a car accident —Read More

clipboard home appraiser in front of house

How to Avoid a Lawsuit When Appraising a Home

As an appraiser, you face many risks in different aspects of your business. To make sure you don’t face a lawsuit at the end of a long day appraising properties, it’s important to know what potential “hazards” lie ahead. The Top 3 risks that have the potential to cause issues in your appraisal business are:Read More

Real Estate Lockbox Risks and How to Manage Them

Real Estate lockboxes make it easy to show your properties when the seller is away or unavailable. There’s no need for buyer’s agents to travel to and from your office to pick up the key. This convenience will make your listing more attractive and can often differentiate between other properties which aren’t set up withRead More

Risks to Avoid When Selling a Vacant Home

You might need to sell a vacant home for any number of reasons — perhaps it’s a newly built home, the seller has already relocated, or maybe it’s a rental and the tenants have just moved out. Of course, vacant homes can take longer to sell. Empty homes can make it difficult for prospective buyersRead More

Representing Divorcing Sellers: What You Need to Know

When a couple decides to divorce, one thing they need to do is make a decision about their home. One option of course is to sell. If you haven’t found yourself in the position of  representing divorcing sellers, there’s a good chance you might. It pays to be clear on what you need to knowRead More

lock and data privacy concept GDPR

GDPR and the Impact on Your Real Estate Business

General Data Protection Regulation (hereinafter GDPR) is one of the biggest changes to data security and privacy in Europe in decades. One has probably seen some of the effects of the GDPR in the United States in your own email. For example, companies you opted into long ago asking you to re-subscribe. This begs theRead More

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How to Protect Yourself When Dealing with Close Friends and Family in Your Real Estate Business

It may seem natural as a real estate agent to want to help a close family member or friend buy or sell a house.  But you should know the potential consequences if you decide to act as a buyer’s or seller’s agent for someone close to you. There are three main risks you should beRead More

tiny house in garden

Tiny House, Big Problem – Understanding the legal risks of building, buying and selling tiny homes

With the current affordable housing shortage in many areas of the United States, it’s no surprise that buyers are looking for low-cost alternatives to traditional housing options. Trendy tiny homes are the new flavor of the month — from home living magazines to lifestyle channels on television and stories of low-impact and affordable housing.  Everywhere,Read More

tract home neighborhood

How to Avoid 3 E&O Claims Against Real Estate Agents Representing Tract Home Buyers

Tract homes and communities often appeal to first-time homebuyers.  Buyers like the idea of selecting a floor plan, exterior design, interior finishes, and color palette in a brand-new home. The risk lies with the first-time buyers’ inexperience in the home buying and negotiating process. They are often unaware of the extra diligence required in aRead More

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