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Top 10 Risk Management Posts for Real Estate Licensees for 2023

As the real estate landscape evolves, so do the challenges faced by licensees. At CRES, we try to keep you informed about issues that could lead to a lawsuit and put your business at risk. But we go beyond that. We help you before you have a claim.

See our list below of the Top 10 Risk Management posts real estate licensees found most helpful this year:

Real Estate Broker Beware — Most Common Complaints That Lead to Litigation

This webinar covers how to avoid the most common complaints that lead to claims and lawsuits, from septic and solar systems, to failure to disclose on seller’s disclosures, agent-owned property, multiple offers, unpermitted work and more.

Allowable Referrals and Commission Splits in California Real Estate Transactions

How to handle “finder’s fees” to unlicensed individuals, referral fees to licensees, and splitting commissions.

Can You List a Bedroom Without a Closet

What constitutes a bedroom that can be mentioned in a listing? There may be 6 requirements or more, depending on your zoning.

Does a Low Appraisal Need to Be Shared with the Seller?

The seller often does not generally get a copy of the appraisal, but they can request one. How can you avoid a low appraisal, and what happens if there is a low appraisal?

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

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 be aware of.

Everything You Need to Know About Disclaimers for Your Real Estate Business

Here’s how disclaimers can be used to avoid a lawsuit — and how to get your disclaimer wording correct to protect your real estate business.

Employees vs Independent Contractors — What Real Estate Brokers Need to Know

Failure to define clear independent contractor relationships can result in you facing a lawsuit from an agent who misunderstands their role within your company.

Dealing with Real Estate Clients with Dementia and Alzheimers

When dealing with clients with reduced mental capacity, you need to be aware of your obligations as a real estate professional, particularly in relation to contracts and transactions.

Avoiding a Conflict of Interest Situation at Your Real Estate Brokerage

Real estate agents have a fiduciary obligation to each client, so there’s an expectation that client interests will be served as first priority. A conflict of interest occurs when an agent has competing interests or loyalties which conflict with the interests of the client.

Selling a Home Where Drug Activity Has Occurred

Selling a home where there’s been drug activity can cause potential safety issues for you, your team, and prospective buyers when you’re showing the home. There’s also the possibility of a lawsuit if a buyer is unaware of the drug activity and finds out after purchasing.

Ensure you’re covered with superior real estate errors and omissions insurance. CRES has access to more E&O options than just about anyone, and can find you the best coverage for the best price.

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