Reduce Your Risk of Being Sued!

12 Risk Reduction Techniques to Use in Your Daily real estate practice: Tip 1

Controlling your Errors & Omissions should be the mission of all real estate professionals. That’s why we’ve compiled a list of 12 risk reduction techniques you can use to minimize your legal liability and maximize your earning potential.

TIP 1: Obtain a written seller’s disclosure form or waiver.

When drawing up papers for a home or property, always make sure you obtain and review the seller’s disclosure or waiver form. Be sure to verify that the information contained in the report is consistent with what you know about the property and advise the seller to update disclosure as needed.

View more risk management materials available to our Real Estate Errors & Omissions customers, including a preview to our E&O Risk Management seminar!

Let us know what you think about our first tip—11 more to come! We’d love to hear if you’ve encountered a situation involving lack of disclosure or inconsistencies involved.

This entry was posted on Wednesday, September 23rd, 2009 at 2:32 pm and is filed under 12 Risk Reduction Techniques, Real Estate E&O Insurance, Risk Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.