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Top 10 Ways A Realtor Can Avoid Legal Trouble

By
Real Estate Broker/Owner with The Rich Group at Compass CalBRE Lic# 00782527

Any actions a Real Estate agent can take to diminish the chances of legal troubles will only enhance his or her career. The ten major actions a Realtor can do to avoid legal problems are:

  1. Disclose all known facts.
  2. Disclose prior conditions that have been corrected.
  3. Make sure to follow-up on Verbal Disclosure.
  4. Act only with the scope of your expertise.
  5. Choose your actions wisely.
  6. Always have your client's best interest at heart.
  7. Rely on third parties only within reason.
  8. Verify your facts before stating them.
  9. Establish correct and reasonable expectations with your clients.
  10. Recognize your authority and act only within those limits.

"How to avoid legal troubles!" In print by Heather Black
Posted by

Bill Kennedy
Keller Williams Greenville Upstate - Greenville, SC
Homes For Sale Greenville SC
These are some great tips.  Number three is really important.  A lot of agents forget about that one.
Apr 08, 2008 02:20 PM
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Good post. Thanks for the tips

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Apr 08, 2008 02:24 PM
Linda Lipscomb
Linda Lipscomb RE/MAX Lexington Henderson County TN - Lexington, TN
731-695-1118, Lexington TN Homes

Anita,

Thanks.  Great post. 

#4.....I have found out quickly how much I don't know in this business.

Linda

 

Apr 08, 2008 02:24 PM
Stacey Brown
ILM Realty - Colchester, CT
REALTOR
Thanks for the list. We have enough to worry about. Having a simple list like this is a really good way to keep the right things in mind.
Apr 08, 2008 02:32 PM
Tom Davis
Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today ! - Dover, DE
FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor

Anita, great job!  I am always striving to go above and beyond for my clients!  Very good tips!

Tom Davis - DE Realtor

Apr 08, 2008 03:54 PM
Gary McNinch
Better Properties Real Estate - Renton, WA
Broker, Renton WA Real Estate

Anita,

Great list.  Short, succinct and complete.    May I borrow this for the next training that I give on Listings.

List and Sell (the Right way)   Gary @ RentonHomeFinder

Apr 08, 2008 05:43 PM
Heather Black
Keller Williams - Venice, CA

Love the blog Anita~! I particularly like number 9. Establish correct and resonable expectations with your clients.

Sep 17, 2008 08:00 AM
John LaRocca
LaRocca Inspections - Burbank, CA

Great tips Anita! And remember, your amazing home inspector can help take some of that disclosure liability off of you!

Apr 14, 2009 06:21 AM