As a fiduciary, a licensee is held to the highest amount of good faith By Jeff Sorg, OnlineEd Blog (December 16, 2015) – A major cause of liability for real estate licensees relates to agency representation and a licensee’s breach of their fiduciary duties. It is often the failure of the licensee to understand the duties […]
(Jeff Sorg, OnlineEd) – Managing risk requires a basic understanding of the legal theories upon which legal liability is based. Statutes, regulations, and court cases define the relationships between a licensee (real estate or mortgage) and a seller, buyer or borrower. These laws are constantly evolving. As a result, licensees must continually keep up-to-date on changes […]
(Jeff Sorg, OnlineEd) – A major cause of potential liability relates to agency representation and a licensee’s breach of fiduciary duties. The agency relationship is at the center of all client real estate transactions. It is often the failure of the licensee to understand the duties and responsibilities imposed by agency law that lead to […]
(Jeff Sorg & Harlow Spaan, OnlineEd) – Errors and Omissions (E&O) Insurance should be a vital component of any business, such as real estate or mortgage practice, as a risk management tool. If you have a professional service business, errors and omissions insurance coverage is integral to protecting your business. Even if you or your […]