Accurate disclosure documents are crucial to both sides in real estate transactions. When selling a property, the owner must always reveal essential information in a written disclosure document. The Claim Home Continue Reading
Even for seasoned experts, selling real estate is a complex undertaking and a potential legal labyrinth. If due diligence is not done, agents and their brokers can face unexpected and unwelcome legal trouble. The Continue Reading
Often times during the sale of a home, there are upgrades that require either exclusion from the contract or a separate agreement (e.g. selling furniture with a home side deal). There is potential for disclosure Continue Reading
A heated real estate market can cause agents and buyers to be careless and reckless. Often buyers feel like they need to remove purchase contingencies to make their offer more competitive. Removing a house Continue Reading
Dual agency usually happens when an agent represents both the seller and buyer of real estate in a transaction. However, it also occurs when separate agents licensed to the same brokerage firm represent both sides Continue Reading
Real estate transactions pose dangers to buyers and sellers. For example, some might think the Seller’s Disclosure form from a realtor-owned listing would be watertight. However, they would be wise to Continue Reading
Real estate agents may take on more responsibility and significant liability risks than they might realize upon entering the profession. For example, if an agent lists a house for sale without disclosing that Continue Reading
Real estate agents are at the center of every deal, causing them to face unavoidable challenges. It’s taxing enough to satisfy brokers, lenders, other agents, appraisers, and clients who demand time and expect Continue Reading
Some emotionally sensitive people with psychiatric ailments rely on emotional support animals (ESA) to help them cope. For example, an ESA aids people with disabilities or mental health issues and is part of the Continue Reading
Cyber insurance carriers have been raising rates over the past year or so, often by 100%. To help fix the route cause of cyber events which lead to claims and subsequently increased premiums; Corvus has published Continue Reading
The pandemic is causing significant changes in every business. For example, selling homes to buyers sight unseen has become a widespread practice for real estate agents. People want to move to a distant location but Continue Reading
MFA (multi-factor authentication) or 2FA (two-factor authentication) is the same thing. These are security terms that represent an additional layer of login security for systems with valuable information such as Continue Reading
Licensed real estate agents have a professional duty to disclose material facts about properties for sale. They must also represent their clients; either the buyers or sellers (sometimes both) to the best of their Continue Reading
When purchasing a home, buyers and real estate agents do not always think about the utility hookups – or lack thereof – included in the home purchase. Overlooking these critical yet hidden aspects of homeownership Continue Reading
Sexual misconduct by a company executive or employee can result in a wide variety of legal claims against the company itself. If the victim is an employee, a supervisor’s unwanted sexual advances or other conduct of Continue Reading
BI/PD stands for Bodily Injury and Property Damage. Most Real Estate E&O policies include some measure of BI/PD coverage, such as limited lockbox coverage or open house coverage, but the broadest E&O Continue Reading
What should you do if a convicted sex offender, out of jail for 10 years, applies to rent one of your listings? Ask the owner of the property?… but what if he/she does not give you a clear decision To Rent or Not to Continue Reading
A Hazleton, Pennsylvania realtor could serve up to ten years in prison after pleading guilty to conspiracy to commit wire fraud. The realtor was arrested in Florida after fleeing there to avoid prosecution. The Continue Reading
During the Christmas season, neighbors in a Connecticut town spotted two men carrying large sacks in and out of a home. According to police, one was a local realtor and the other, his accomplice. The men were in the Continue Reading
This should go without saying but we still receive many real estate E&O insurance claims revolving around conflicts of interest. Always be mindful of, and avoid at all costs, actual or potential conflicts of Continue Reading
A recent residential transaction resulted in a substantial claim being paid because of an undisclosed termite infestation. Our insured was both the listing and selling agent, so when things went wrong there was no Continue Reading
Documenting conversations and decisions made during a real estate transaction is an extremely important best practice for E&O compliance. When you find yourself in the middle of a lawsuit, having proper Continue Reading
One of the best ways to avoid having an E&O suit filed against you is to avoid the extremely difficult clients. Yes, that means walking away from someone who wants to pay you for your services. We know how hard Continue Reading
When neighbors noticed unusual activity at a recently-sold home, officers were called. They found two people engaged in sexual activity. The woman claimed to be the new owner of the house and said the man was her Continue Reading
Trust is paramount, develop it buy showing your clients you are there for them through the exciting and stressful journey of a real estate transaction. Let your clients know they are your top priority by keeping Continue Reading
Service oriented real estate professionals can sometimes get themselves into trouble if they feel compelled to give advice on matters that are beyond their professional scope. You are not hired to be an expert in Continue Reading
