News & Information: Risk Management Tips

Risk Management - Prior Inspection Findings

Friday, September 14, 2012  
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»Agents should disclose to a new buyer the findings of previous inspections.

When prior contracts have fallen through after buyer's inspections, the agent has a duty to disclose any findings of the prior property inspection report.

Risk Management Tips of the Week are provided by the ORRA Risk Management Subcommittee as a service to ORRA members. The tips are not a substitute for individual legal consultation. Tips should not be relied upon in specific situations without consulting a real estate attorney.

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