REO Liabilities not Covered by E&O Insurance - 06/19/09 12:22 PM
So you want to be an REO agent huh? Better read this first. Happy Selling!
Via Richard Rector (Realty Executives International):
I have found that most agents and brokers who are listing REOs from a variety of different banks and asset managers are not aware of some risks they may be facing.
Many banks and asset managers require indemnity statements to be signed upon taking the listings, that essentially place all of the traditional seller liabilities on the listing agent and broker.  Our industry has spent endless time and effort over the past decades getting our contracts to effectively shift significant liability to … (0 comments)

 
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Ron Jenkins, CTG, e-PRO

Athens, TN

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Century 21 Robinson Realty, Inc.

Address: 1015 West Madison Ave., Athens, TN, 37303

Office Phone: (423) 745-4446 x 106

Cell Phone: (423) 506-7383

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