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Editor’s Note: Ever wonder about the legal precedents that underlie modern day disclosure and due diligence practices of real estate agents/brokers? Read on to learn more about a landmark litigation case that changed the agent/broker liability landscape. Agent Disclosures and “Reasonable Diligence” – Lawsuit that Started it All by Isaac Peck, Editor If you’ve…
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>> RE Agent/Broker Professional Liability- E&O Insurance >> Real Estate Agent and Broker News Editor’s Note: This story is from the latest print edition of Working RE. Don’t miss the next issue! (Am I a Working RE Subscriber?) AVMs to Finally Replace Appraisers? By Isaac Peck, Editor Since the 1990s, there have been those…
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Real Estate Agent / Broker Insurance & Liability Working RE and OREP have been assisting real estate agents and brokers as well as other real estate professionals for years to obtain E&O insurance and learn how to avoid liability. By not only providing comprehensive and affordable E&O insurance policies to agents and brokers but also…
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Editor’s Note: This story shows how to avoid inadvertently losing your E&O insurance coverage for past work and being left unprotected, should a claim arise; the consequences to your business and personal life could be disastrous. Cutting Expenses as Business Slows Why Canceling Your E&O Can Really Cost You! by David Brauner, Editor As…
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When Your Insurance Doesn’t Cover You By David Brauner Here’s a riddle- how can an agent/broker have errors and omissions insurance coverage in place at the time of a sale, yet have no coverage a few months or years later when a problem surfaces in connection with that transaction? The answer is simple but the…
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Decrease Time and Liability during the FHA Loan Process By Lore DeAstra, MBA, SRA, CDEI, CTM Over the past year, the United States has encountered one of the most volatile housing markets in history. After the collapse of Fannie Mae and Freddie Mac in 2008, the Federal Housing Administration (FHA)[1] has insured more than 25 percent...…
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