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What will your answer be when your clients ask...

What would you say if one of your clients asked you, "how are you and your company protecting my non public information?" I ask this question to business owners everyday and most of them have no clue what I'm talking about.

Here's a new reality that every business owner should be concerned about, even Realtors, Mortgage Brokers, Insurance Agents, etc... The Federal Trade Commission is making it a real big deal for businesses to have a plan in place to protect the non public information of their clients.

If we think our clients have gotten more savvy over the years, believe me with the current climate regarding identity theft they are keeping a close eye on what we know and don't know. The professional who sells any product or service has to be up to speed on how they can protect the non public information of their clients.

It was back in the 1950's that medical coverage and automobile coverage came into being because of the high costs to recover from physical challenges and automobile accidents. When a person's identity is breached it's much more disconcerting because it affects their entire life in more ways than one.

I for one certainly want to have an answer for my clients when they ask me, "how do you and your company protect my non public information?"

Click here for to access a free risk assessment tool that will help you determine what you need to do to get closer to being in compliance with the regulatory agencies. This is absolutely free for a limited time.

Just something to think about.

Posted by Cedric (Ced) Reynolds - (909) 597-3502 on 05/02/2008 01:05 AM

Comments (12)

identity, theft, protection, employer, employee, plan, ced, reynolds, federal trade commission, ftc

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12 Comments on What will your answer be when your clients ask...

We have a paperless doc system that we store all personal information in. It is guarded by one person and

the agent is the only person with access to the file, excluding the broker.

05/02/2008 01:30 AM

by Greg Hampton North Georgia Mountain Property,Blue Rid (Re/Max Around The Mountains)

Great plan Greg. Something you might want to have those connected with your transactions do as well.

05/02/2008 01:39 AM

by Online guest

Good points to ponder Cedric. Identity theft is something that we all need to be aware of.

05/02/2008 03:15 AM

by Michael Thornton - Nashville, TN area Home Inspector (Complete Home Inspections, Inc.)

This is a legitimate question and one that brokerages have to account for.

05/02/2008 03:18 AM

by Bob & Carolin Benjamin - E Phoenix Arizona Real Estate (The Benjamin Team - Keller Williams Integrity First Realty )

And a topic that we be center stage for many years to come... It should be top of mind for all of us in the information business (and yes I consider RE to be an information business now days!)... Steve

05/02/2008 05:46 AM

by Steve Homer (The HBH Group (Keller Williams affiliate))

Greg, good to know your company is on top of this. Thanks for the response.

05/02/2008 09:43 AM