News & Information: Risk Management Tips

Risk Management - Info Sourcing

Friday, June 8, 2012  
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»Note the sources of your listing's information and have both parties sign off.

Misrepresentation is among the top reasons customers file lawsuits or complaints. Make sure to note the source of the listing's information on such items as square footage, acreage, boundaries, zoning, and sewer availability in order to decrease risk.

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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