Are You at Fault? Developing Procedures Could Save You from Litigation

Source: From Pearl Insurance E&O Risk Manager

When an agent and broker partner together for a transaction, it’s extremely important for both parties to do their own due diligence. Because even if you don’t directly make the mistake, you could still be at fault. This actual scenario teaches us two lessons. First, don’t falsely advertise your expertise or claim you know an area of real estate that you don’t. And second, when working with another party, make sure you develop procedures and ask questions to prevent a lawsuit from occurring.

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