Karen March
Septic System E&O Claims Are Climbing: Here’s How to Prevent Them
This article is based on a presentation by Diana Mendez and Jim Meseck, White and Steele; Colorado. The information below is for informational purposes only and references regulations…
What to Know About Selling A Seasonal Property
What is A Seasonal Property Typically a seasonal home is a holiday property -- for which there’s a specific season where it’s popular. Beach homes, mountain cabins, cottages…
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…
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…
Real Estate Licensee Safety Month — Tips to Keep You and Your Business Safe
September is real estate licensee Safety Month — an ideal time to reflect on the safety of your real estate business. Whether it’s just you — or you…
How to Protect Yourself from the Most Common E&O Claims with Better Coverage
Hopefully, you’ve never been sued, had to go to trial, or had a real estate E&O claim. It’s not fun. What can make an already stressful situation even…
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…
When There’s Mold in Real Estate
Mold litigation has expanded, and is now being brought by property owners/buyers, employees, tenants, or merely building occupants dealing with mold in real estate. These claims gained a…
Real Estate Cybersecurity Risks and How to Recover
Cyber and wire transfer fraud are not normally covered on an E&O policy. But we can get you covered! Click here for an application. From a presentation by…
Can You List a Bedroom Without a Closet
Have you ever been at odds with a client about how many bedrooms there are in a house? How many bedrooms you include in a listing matters. More…
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…
9 Potential Real Estate Lawsuits and How to Avoid Them
From a presentation by Jim Meseck, White and Steele If there’s an unhappy seller or buyer, you can bet they’re going to find a way to blame their…
Now Prospective Tenants Must Also Be Informed if a Property is in a Special Flood Zone
Changes in California Law: Disclosure Requirements Flood Zones California’s legislature within the past year made the following findings and declaration: (a) In February 2017, several neighborhoods within the…
“My Client’s Home Was Destroyed in the Wildfires – Now What?”
In early October 2017, a series of 250 wildfires started burning throughout Northern California, bringing terror and destruction to the region. The wildfires broke out throughout Napa, Lake,…
Guest or Tenant? How to Deal with Someone Who Won’t Leave
What happens when somebody pays you to stay in a room short term and then doesn’t want to leave? That happened to one of our clients. She offered…
2018 Swimming Pool Inspection Law – California
The California Senate Bill 442 was passed, signed by the Governor, and codified as Business and Professions Code, Section 7195, effective January 1, 2018. This Statute provides standards…
How to Avoid a Personal Injury Claim When Selling a Property
As a real estate agent, you already know that open houses are a great way to sell a property. But, what about protecting yourself from issues regarding liability?…
Dealing with Malicious Acts by Tenants – a Guide for Property Managers
It’s every property manager’s and property owner’s worst nightmare — when a tenant does malicious damage. This is why it’s important to know what the liabilities are, and…
How to Avoid Non-Compliance with the NAR Code of Ethics
The NAR has been the peak trade association for the real estate industry since its original founding in 1908. When you join your local real estate association, you…
Can You Text Changes to a Lease Agreement?
A couple was selling one home and moving into another that needed work. They arranged to lease the house they sold, while a contractor did the work on…
Selling A Home Where Someone Died – A Guide To Your Disclosure Responsibilities
Disclosures vary in every state, but most relate to material defects and physical things which are wrong with the home. What if you’re selling an amazing property which…
High-demand Housing Markets – what your buyers should know about the housing shortage
The housing market is tough for homebuyers right now, especially in California (as well as some areas of WA, IN, GA, and OH). There are simply more prospective…
Blockchain, Cryptocurrency and Your Real Estate Business
Blockchain is changing the way we gather, store and use information. And it’s now being tested and used for some real estate transactions. As of February 2018, New…
Brokers & Buyers Under Surveillance — Are You Being Watched?
Technology has changed the real estate market, resulting in more efficient real estate transactions and timely exchange of information. However, some unanticipated consequences have surfaced. Surveillance systems can…
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…
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…
Educate Your Home Sellers on FHA Loans to Reduce Your Risk of A Real Estate Lawsuit
Federal Housing Authority loans (FHA loans) have even higher loan limits for 2018 in many counties, which should make them an attractive option for a larger range of…
Be Alert and Prepared for Real Estate Broker Identity Theft
Our E&O client recently contacted CRES Risk Management to report that somebody was using her name, license number and professional background on a fake website. The website was…
Disclosing and Documenting Before Closing
Document All Client Advisories about Third-Party Experts Do you advise your clients in writing to consult with third-party experts before closing? And if you do, do you document…
How to Ensure Offer Terms Survive the Real Estate Closing: the Doctrine of Merger
Errors and Omissions claims against real estate agents or brokers are often based on the Purchase Agreement and Sales Disclosures. Clients who feel their interests were not adequately…
Can You List Property in Trust with an Uncooperative Co-owner?
There are benefits of putting a property in trust, but sometimes it can complicate matters—especially when trustees don’t agree. Have you ever had a court assigned listing for…
Making the Most of Slow Sales Quarters: How to use the extra time to prepare for what’s next
The first quarter of the year is traditionally the slowest in the real estate industry. But you can use the time to assess and plan for success in…
Money Laundering in Real Estate: How it works, how to identify it, and how to report it
Real estate money laundering is not a new problem in the United States. According to the Financial Action Task Force on Money Laundering (FATF), the real estate industry…
Real Estate Agents: Understanding Easements and How to Minimize Liability
Easements are a non-possessory right to use land or a portion of property belonging to another person. Failing to recognize and educate clients as to the existence of…
Should a Real Estate Agent Disclose Divorce in a Home Sale?
It’s not uncommon for a couple getting divorced to sell their home, so it’s quite possible that you have been or will be involved in real estate sales…
How to Prepare your Real Estate Clients for the Appraisal: What Appraisers Want You to Know
Real estate appraisers do a complicated job in an exacting, precise manner. When they create an appraisal, they have nothing to gain or lose from the final number—with…
Choosing The Right Tenants To Avoid Future Lawsuits
Choosing the right tenants is one of the biggest challenges property managers face. When done right, it can significantly minimize your risk of a lawsuit or Errors and…
Easy Email Marketing Tips for Busy Real Estate Professionals
Did you know, according to the Data and Marketing Association, it takes 7-13 touches to deliver a qualified sales lead? That is, your prospects need to hear about…
How to Keep a Verbal Easement from Turning into a Lawsuit
Have you represented a property with a verbal easement? If so, did the buyer or seller get an Improvement Location Certificate (ILC)? If not, you could end up…
What to Know to Avoid RESPA and Real Estate Referral Lawsuits
Could a list of preferred providers put you at risk of legal woes? Possibly. The Real Estate Settlement Procedures Act (RESPA) doesn’t specifically mention preferred provider lists. Still,…
Floods, Fires, Hurricanes: How to Sell Homes in Real Estate Risk Zones
The past year has seen intense hurricanes in Florida and the Caribbean, hurricane-related flooding in Texas, and wildfires in California, Oregon, and Idaho among other disasters. Storms can…
CAN-SPAM Act Compliance And Why It’s Important For Your Real Estate Business
It’s difficult to grow your real estate business without an incoming flow of new customers. Marketing is an important part of making that happen. But, if you’re sending…
How to “Steer” Clear of Fair Housing Act Violations
One of the keys to help prevent Fair Housing Act lawsuits is to avoid “steering.” The Federal Fair Housing Act prohibits discrimination in housing sales, rentals, and financing,…
What Can Property Managers Do About Marijuana Cultivation?
Changes in state laws about marijuana use and cultivation means that growing marijuana may become an issue for real estate agents in several states. Recently, CRES Risk Management…
How to Represent Properties with Marijuana Cultivation
Several states have enacted laws that make marijuana use and cultivation legal in their states, but federal law still prohibits the use and cultivation of marijuana for medical…
Should Your Client Use Amazon Key for Real Estate Showings?
Amazon Key allows delivery people to enter a home to place packages inside. The app is now expanding to new uses—including home showings. What effect will Amazon Key…
How To Avoid A Real Estate Lawsuit When Selling A Storm-Damaged Home
Natural disaster can come at any time -- whether it’s a hurricane, like we’ve seen recently in Florida, or the unprecedented flooding in Houston. The trail of disaster…
What Real Estate Agents Need to Know about Smart Homes
With smart home technology on the rise, it’s important for real estate agents to know what's available and how to showcase it. But, smart technology brings its own…
3 Ways to Avoid a Real Estate Lawsuit When Using Social Media
Social media can be a great way to showcase listings, build relationships, and connect with clients and potential clients. But to maximize its benefits, you need a solid…
How to Avoid Real Estate Lawsuits from Virtual Staging
Want quicker sales and higher sales prices? Staging a home might be the ticket, because it helps potential buyers see themselves living in a property. And then there’s…
How to Withdraw Counteroffers to Prevent Real Estate Lawsuits
The good news is that you’ve gotten multiple offers on an open listing. The bad news, you accidentally sent out two counter-offers. What should you do? One of…
What to Do When A Real Estate Lawyer Wants to Talk to You
Don’t let a simple inquiry escalate into a real estate E&O claim You see the email pop into your inbox, or the receptionist tells you there’s an attorney…
Three Ways to Protect Yourself From Foundation-Related Lawsuits
Foundation issues are among the most common problems found in home inspections, and foundation defects and cracks are among issues you need to disclose in most places. When…
Can You Avoid Real Estate Lawsuits with Good Customer Service?
Your excellent customer service is essential in real estate. Satisfied clients stick with you, become repeat customers, and refer others to you. Dissatisfied clients, on the other hand,…
How to Advise Your Real Estate Client About Bad Odors
You may talk to your sellers about curb appeal, decluttering and staging. But there’s something else that can make a terrible first impression: smell. Troublesome odors may make…
Can Real Estate E&O Save You from Misrepresentation?
Misrepresentation is among the most common claims made against real estate agents. It seems pretty obvious that you shouldn’t misrepresent the property you want to sell, but it…
Should You Respond to the Threat of a Real Estate Lawsuit?
Seller carrybacks can be risky. Could helping a client with a carryback loan put you at risk of a real estate lawsuit? In this example it did. Our…
Scam Alert: The Latest Schemes Agents May Not Know About
In real estate, we’re still seeing numerous cases of wire fraud – and now we’re seeing some new types of fraud. In the past six months, we’ve seen…
A Real Estate Broker’s Guide to Per-Transaction E&O
If you’re looking to purchase or renew your real estate Errors and Omissions insurance for your real estate or mortgage brokerage office, you may want to consider a…
How to Advise Buyers of FIRPTA When Purchasing from Foreign Sellers
Many real estate agents representing buyer clients have come across properties being sold by a foreign person -- or someone who appears to be a foreigner. You may…
