Real estate agents are mostly in a bind and manage to attract a legal notice every now and then. One can’t help it; it is the line of work. For some, it may be their own undoing. However, real estate agents are a magnet for real estate lawsuits. When a buyer is making a purchase as paramount as buying a house, anything out of place and one can expect their wrath. There are no sure guarantees that you can mitigate the risk of not being dragged to court, but many of the suits can be avoided- especially if you take the necessary precautions and minimize the liability.
We shall look at some of the ways in which you can redirect the risks away from you. Read on…
Whenever the clients make a decision, make sure that there is a written record of the advice that you provided the client to inform them of their decision. The best way to do this, even if you just finished a conversation on the phone is to shoot an email, repeating what was discussed on the mail. Should the client go against your advice then follow their instructions to whatever extent possible. However, state it in writing that you recommended against their approach. If what the client is suggesting, is illegal or unethical then advise the client why that is the case. If they insist on it, then it is best that you withdraw as the client’s agent.
Be Proactive When You Receive Complaints
It doesn’t matter, but even the best relationships can go south if you are not responsive to their worries and queries. Something as simple as acknowledging their complaint can go a long way in making them feel that you are taking the time to address their needs and worries. It doesn’t really matter if you feel you are at fault or not, take the reins to sort the situation out. Also, present the client with options and proposals on how you can progress forward.
Don’t Forget The Liabilities
Having insurance can’t keep you out of receiving legal notice, but it can comfort you knowing that you have safety from personal liability to an extent. The profession of real estate agents is littered with disputes. For most clients, homes are the biggest purchases that they make and for the most part, there are stress wires all over the place.
Employing these tips can help you take out unnecessary risks on your part, and keep you away from the courthouse. If for some reason you still land in a dispute then you can depend on one of the best real estate legal firms in the business-Aharoni Law Offices, an Israeli Law firm in the US. Visit us at https://aharonilaw.com/