Thou shalt protect clients

Article Abstract:

Real estate brokers representing buyers are increasingly being held liable when transactions go wrong. Because increasing numbers of real estate-related court cases find against the buyers' licensees, it is important for brokers representing buyers to verify information and identify all information sources at the time of the transaction.

Real property exchanges

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How disclosure forms reduce the risk

Article Abstract:

Analysis shows that the leading reason for litigation against realtors is failure to disclose or misrepresenting material facts during property transactions. Property condition disclosure forms correctly completed by the seller and verified by the realtor can substantially reduce the number of these cases.

Real estate, Real property

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Online lenders present alliance opportunities, risks

Article Abstract:

The US Department of Housing and Urban Development administers the Real Estate Settlement Procedures Act 1974 which prevents cash incentives being offered to brokers as a reward for a referral, but permits payments for a transaction to be made.

Standards, Ethical aspects, Mortgages, Incentives (Business)

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