Pre-closing horror stories Premium Content

5 safeguards against legal entanglements

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Flickr image by <a href="http://www.flickr.com/photos/zunami/3125589973/">Claus Rebler</a>.Flickr image by Claus Rebler.

Recently, the following question was posed on the LinkedIn discussion board for the upcoming Real Estate Connect conference: "Should a seller let a buyer move in prior to the closing?"

This question garnered more than 250 responses. Based upon the litigation I saw adjudicated when I was executive director of training for Prudential Jon Douglas Co., my answer to this question is, "Absolutely not!"

If you have been in the real estate business for any length of time, you probably have an array of horror stories about what could go wrong with a transaction. One of the worst examples I've heard happened to two brokers from my office.

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