TWO WAYS TO REDUCE AGENT LIABILITY!!!
By Mary PAUL, ABR, CRS,GRI, e-PRO,
(RE/MAX Advantage Realtors, Searcy, AR)
One of the best ways to reduce agent liability is to use the FHA Home Inspection document. FHA requires this to be signed, but use it on all your transactions. I don't care if my buyers pay cash, get a VA or conventional loan, they are presented this document to sign before I write the offer. I tell them that this reduces my liability and that I strongly suggest they get a home inspection. Even if the home is "as is", this signed document will help reduce your liabililty. Keep one in your file and make a copy for the office file.Second, when you use the lead base paint form, make sure your buyers sign and initial the front page of the lead base paint pamphlet, make a copy of the front page and keep it in your file. Should something ever come up, you have a signed copy that they ...
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