Like many brokers, your typical day at work involves showing homes to potential buyers.
Imagine this scenario: Your client shows up at the appointed time and unexpectedly appears with a guest. You all enter the home. The client and guest head off in different directions and you can’t be with both at the same time. You decide to stay with your client. The guest goes off on his own, mistakes a basement door for a pantry, and takes a terrible fall. The guest is taken to the hospital, and the last you hear is that he will be okay and is recovering.
The next time you hear anything is when you are served with a civil lawsuit alleging a traumatic brain injury among all the other injuries, losses and damages. The complaint blames you as the broker for being the actual and proximate cause of the injuries.
What do you do? What are your rights? What are your defenses as a real estate broker?
Download this in-depth, “Analysis of Colorado’s Premises Liability Act and Negligence Framework” to know the risks to Colorado real estate brokers in situations like this.
This blog/website is made available by CRES Insurance Services for educational purposes to give you general information and understanding of legal risks and insurance options, not to provide specific legal advice. This blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. Claims examples are for illustrative purposes only. Read your policy for a complete description of what is covered and excluded.
"What's the latest on short sales? We have tips for managing short sales in your real estate business.… https://t.co/JtiWohwBT9Give your real estate sellers up to $50,000 in Seller's E&O with a CRES Qualified Home Warranty from Old Republic.… https://t.co/8oICXqfrq4