News & Information: Risk Management Tips

Risk Management - Advice Giving

Friday, June 15, 2012  
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»Provide real estate advice when dealing with short-sale sellers, not legal advice.

Avoid using the word "should” when dealing with sellers in short sales. When you say "should" with regards to a seller's options, you are providing legal advice, not real estate advice. Instead, say "you may want to consider...”

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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