everyday risk reduction

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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 you vulnerable to a lawsuit. Check out our tips to  avoid them.  1. Failure to get everything in writing  It’s essentialRead More

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Legal Duties of Licensed Real Estate Agents or Brokers in Residential and Commercial Transactions

Introduction – The Law and Primary Issue California Civil Code section 2079 sets forth the statutory duty of a real estate licensee in the State of California to both the buyer and the seller of a real estate transaction, whether it involves residential, commercial or vacant land. Civil Code section 2079.2 sets forth that theRead More

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Disposal of Files

Business and Professions Code Section 10148 requires that a real estate licensee maintain his or her file for 3 years after the transaction closes or for 3 years after a listing if no transaction is consummated. Because some statutes of limitations (the time period within which a lawsuit must be filed) do not begin untilRead More

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Risk Management: Your ticket to fewer claims and lower premiums

You are regularly helping in the purchase and sale of the largest investment most Americans will make in their lives. Since each home and its buyer/seller are unique, so are the risks. You need to make sure that you properly represent your client in case of buyer’s remorse after the excitement fades. You would haveRead More

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Wire Transfer Fraud

Over the last six months, the lawyers here at Carlson Law Group, Inc. have seen an email scam perpetrated with a frightening regularity.  Approximately a dozen clients, insurance companies and insurance brokers have reported to us that funds are being misdirected via wire transfers to bank accounts overseas.  The scam is always perpetrated in theRead More

Avoid Violation of the Fair Housing Act By Staying Up-to-Date on Discrimination Issues

The call may seem very innocent. A person calls about the availability of an 800-square-foot apartment advertised by your company in the local newspaper. When the caller asks about whether her companion Labrador retriever is allowed in the unit, you let her know that the owner does not allow pets, but that you have aRead More

How Can Real Estate Agents Fight Claims Before They Happen?

How can I prepare for potential claims? Keep a Transaction Log and Document Everything in the File Keeping a transaction log of what occurs when you do business is always a good idea. The outcome of a lawsuit against a real estate agent could come down to a he said/she said scenario, and if youRead More

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