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?
- 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.