AgentBrokerage

Things listing agents should never, ever do for clients

An agent's errors and omissions insurance might determine legal liability for 'extra' tasks
Published on Mar 17, 2016
  • Agents should read their errors and omissions insurance policy to see what it does and doesn't cover.
  • Tasks outside of unlicensed activity may give rise to denied claims. Performing such tasks may also be inefficient.
  • That said, claims are almost always disclosure-related, according to the California Association of Realtors' general counsel.

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by CareyBot

When a real estate agent lists a home, some things are standard: marketing the home, collecting and negotiating offers, shepherding the transaction from contract to close. But any number of other non-core tasks can land on a listing agent's shoulders during a deal. Could performing those services land the agent in legal trouble if something goes wrong ...

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