Protecting yourself from potential lawsuits arising from your transactions is probably not even on your radar. Yet in an increasingly litigious real estate industry, you can’t turn your back on legal considerations if you want to prosper.
By properly documenting every step of the repair process, you’ll prevent transaction delays - and quite possibly protect yourself and your clients from legal trouble. To make certain you don’t have to deal with a dissatisfied buyer in court, follow these steps.
Although reverse exchanges are complicated and require financial strength, real estate practitioners and their investor clients would be well served to add this powerful financial tool to their portfolio.
It’s never been more important to take reasonable precautions to protect sensitive customer information. Your failure to do so can have devastating effects, including liability for breach of privacy laws or negligence, especially if your client became a victim of identity theft.
All companies or individuals who deal with sensitive consumer information must change the way they do business under a provision of the federal Fair and Accurate Credit Transaction Act that went into effect June 1.
Real estate professionals who send commercial e-mails to clients, prospects, or other professionals will need to check the Federal Communications Commission’s list of wireless domain names to ensure that they are not sending commercial e-mails to a prohibited domain.