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Mistakes happen. So you buy errors and omissions (E&O) insurance to cap your exposure. Paying your deductible is far easier to swallow than the tens of thousands that you might otherwise pay for attorney and expert fees, and, heaven forbid, a judgment.
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National Association of REALTORS® (NAR) Associate Counsel Katie Raynolds said a social media policy provides a guideline for employees and agents so they know how the company expects them to represent themselves and the firm online.
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Don Roth, president of the PA Association of REALTORS®, encourages Pennsylvania brokers to enroll in the Broker Involvement Program. “The intent is to get more members involved in legislative efforts,” Roth said. “Ultimately, this will give us greater influence with our national legislators and the issues we’re dealing with.”
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Agents often want to know why they can't take "their" clients with them when they switch brokerages. This will give some insight into the legal relationship with the consumer and how agents and brokers can address change.
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Some offices charge consumers a blended fee (part commission, part flat fee), and this is permissible. But when you follow this business model, the flat fee is part of the fee; so stop calling it a transaction fee.
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“Why is NAR worried about changing the rules for multiple offers? Nobody sees multiple offers in a market like this one.”
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The salesperson seeking to move his license to a different broker “plans”. In the opinion of the broker, he “plots”. Either way, the move is timed to enable the salesperson to reap the reward of past effort, if not more. It can also be a time of accusation and recrimination. Out of this...
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Thursday, Feb. 9, 2012
