Effectively reduce liability for your clients
The course examines real estate broker and agent liability, focusing on the potential liability for both residential and commercial real estate agents. The course also examines the current state of the law with respect to Realtor® liability and how to effectively reduce your clients’ exposure to liability.
What to do when you’re not sure?
Part of the program centers on ethics, including topics such as conflicts of interest, competence and disclosure requirements arising under the Real Estate Seller Disclosure Law, and common law. It examines ethical considerations under the National Association of Realtors’® Code of Ethics.
Step-by-step advice on how to avoid mistakes
The presentation covers various theories of broker and agent liability, including agency theories, public policy concerns, and fraud theories. It explores common concerns such as liability for mistakes made by inspectors, the level of culpability required to impose liability upon real estate agents, and the extent of the duty owed to prospective purchasers.
- Statutory Remedies
- Real Estate Seller Disclosure Law
- Home Inspection Law
- Unfair Trade Practices and Consumer Protection Law
- Residential Real Estate Transfers Law
- Common-Law Remedies
- Restatement, §550
- Restatement, §353
- Restatement (Second) of Torts §552
- Dangerous Conditions
- Misrepresentation: Intentional, Neglect, Innocent
- Contract Fraud
- Common-Law Damages
- Contractual Remedies
- Seller Broker v. Buyer Broker
- Ethics and Hypos (from both legal and ethical perspective)
Recorded during a live webcast in June 2016.