“Stranger danger” is not just for kids anymore. It applies to you, your coworkers, and your clients. The real estate industry has seen a lot of crime through the years, and sadly the rates are increasing. Because the nature of the business is constantly meeting new people in new locations, crime is a part of the job. This has encouraged many real estate agents to adopt ways to protect themselves and their clients.
According to the National Association of Realtors, 40 percent of 3,000 real estate professionals in a recent survey reported being in a situation where they feared for their safety. These situations usually occurred in model homes, at open houses, during showings, or in properties in remote locations. The same poll revealed that at least one third of all agents have taken a self-defense class, while thirteen percent use a smartphone tracking app to track and share their location with their families or colleagues.
Crime continues to rise for homeowners who have listed their property. Open houses and showings invite both potential buyers and potential criminals into the home. Oftentimes, thieves may pose as potential buyers so they can case the home, only to return later to steal everything from art, to jewelry, to medications. Some thieves have begun to take advantage of keyless entry systems. They may reuse a code they have gained from an agent when they were posing as an interested buyer. If the agent has forgotten to reprogram the keyless lock, the thieves have an easy way in.
But while real estate crime continues to rise, so has the real estate industry’s ability to fight it. We have compiled lists of real estate crime dangers and what you and your client can do to avoid them. For more information on real estate crime and what you can do to protect yourself and others, or to sign up for a safety webinar, visit the National Association of Realtor’s webinar page.
Safety Tips for Clients:
Have clients put valuables into storage or safety deposit boxes
Tell clients to hide their medications
After an open house, have your clients go through their home to make sure nothing is missing
Ask your client to put away or hide all weapons, including kitchen knives
Safety Tips for Real Estate Professionals:
Consider not advertising your photo
Use a smartphone tracking app to alert others of your movements and location
Make sure your personal contact information is not available online or in print
Take a self-defense class
Carry, and know how to use, mace
Never hand out keys to a property
Lock your bag or purse in your car
Always try to meet new clients at your office first
Be Aware of Real Estate Crime Dangers:
Keyless entry systems: If you use them, reprogram them after sharing the code.
Unlocked or unsecured properties
Stay Safe at Open Houses, Showings, and Model Homes:
Never show a property after dark
Always drive yourself to and from a property—never accept a ride
Try to never go alone
Park on the street, not in the driveway
Make sure your phone is fully charged
When first entering the home, check all rooms and closets
Assess and plan escape routes
Assess the backyard for escape routes
Never walk ahead of a client–always have them walk ahead of you
Avoid attics, basements and small rooms
Inform the neighbors that you will be hosting an open house
Use a Smartphone tracking app or safety call system and agree on a distress word
Prior to closing up an open house, check all of the rooms
Have clients use a guest register when viewing a model home or attending an open house
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.
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