CLAIMPREVENT® BLOG
Agent Owned Property
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 the potential consequences 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…
Avoid a Lawsuit as a Dual Agent Selling Your Own Home
You’re ready to sell your house. Good thing you’re a real estate agent. You can represent yourself—and maybe the buyer, too (depending on your state)—streamline the process, and make more money. But before you do, understand the risks of a real estate lawsuit in a dual agent situation when you are selling your own property.…
Avoid Real Estate E&O Claims Resulting From Agent-Owned Property Sales
Real estate professionals have an inside track when it comes to buying and selling real estate for their own interest or investment purposes. However, these Agent-Owned Property transactions can create risks that aren’t covered by real estate E&O insurance, leaving agents responsible for costly E&O claims and lawsuits. So how can you reduce your risk…
All in the family? Make sure you’re covered with an AOP endorsement
As a licensed real estate agent or broker, you are a seasoned professional when it comes to buying and selling properties for others. But when it’s your own property (or that of a family member), the perspective of many insurance policies and courts changes. Suddenly the familiar landscape of buying and selling is different when…
