BrokerageIndustry News

Red flags with ‘green’-certified real estate

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

What is "LEEDigation"? According to Chris Cheatham, who coined the term, LEEDigation refers to legal disputes arising from green-building certification.Leadership in Energy and Environmental Design (LEED) is a certification system developed by the U.S. Green Building Council in 2000 for constructing buildings with a smaller environmental footprint.What green-building trends mean for you, as a real estate professional: another level of disclosure requirements that can expose you to increased risk and litigation. The real estate industry is "greening" rapidly, and there are even energy-efficient mortgage programs to aid buyers in financing the purchase of an energy-efficient home. There are There are also tax credits available for energy-efficient upgrades to homes, and many owners are electing to conduct home energy audits to determine which upgrades can produce the best results. Some upgrades can be costly -- a geothermal heating and cooling system can cost a...