Includes legal advice to assist agents in meeting their standard of care. Describes common claims against agents. Discusses when a contract is formed and becomes binding, including situations involving counter-offers. A chapter regarding agency which discusses the relationship between agents and brokers, and agents and their clients. Discusses dual agencies and handling conflicts of interest.
Tips are easy to understand and implement.
An entire chapter regarding a real estate agent's professional liability insurance policy, which discusses the policy, explains particular clauses in a policy, and an insurer's obligation to defend. Chapter also includes legal advice regarding claims. Chapter contains legal advice on handling a lawsuit. Includes a sample transaction log. Contains a disclosure checklist.