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Rainmaker
1,726,096
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Liability can go on as long as that client owns the home you represented them in purchasing. This is why E & O Insurance needs to be continued after leaving the business, at least for a while until you no longer have anything of value that anyone can sue you for in court.

Sep 24, 2016 07:37 AM
Rainmaker
2,443,250
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Probably when I pass away.  I owe confidentiality forever. I don't believe there is a law that says I have to stay in touch, but I will do that until they tell me to stop.

Sep 24, 2016 12:17 PM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We have limited agency which ends at the closing of the property.  However, the duty of privacy survives forever.

Sep 24, 2016 09:04 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Technically at closing, but to achieve success, never. 

Sep 24, 2016 07:54 AM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I give up, what would my insurer say?

Sep 24, 2016 07:21 AM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

When the agency relationship is completed, usually at closing or termination of a contract. But there are some responsibilities like maintaining records and privacy that endure beyond termnation.

Sep 24, 2016 07:05 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Hella,

I think that Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 said it perfectly.  As long as you have been above board and covered all your bases, you have next to nothing to worry about, which in my opinion is why it is much easier to be honest and transparent at all times.  A

Sep 24, 2016 01:52 PM
Rainmaker
1,543,853
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

My ethics and relationships never cease. I remain in service and responsible for all my clients. The law may say it ends after so much time, but I think if you want clients for life, that's the attitude you need to have.

Sep 24, 2016 07:17 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Hella M. Rothwell, Broker/Realtor® - when the release from relationship takes place. Could be closing or official release letter from client.

Sep 24, 2016 04:49 PM
Ambassador
3,164,294
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

you want to know the law in my state... ends at end of transaction or listing expiration, but I while I no longer legally represent them I still help if they need it after the closing. Always.

Sep 24, 2016 12:54 PM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    The Florida Statutes do not say when, Florida Adminstrative Code 61-J2 does not say when. 

    However, an Attorney told me that the duty of Confidentiality may survive the termination of a Listing Contract or Buyer Brokerage Contract; the duty of Confidentiality may survive the closing on the sale of the property.

 

Sep 24, 2016 09:21 AM
Rainmaker
1,503,018
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Confidentiality: forever

Records: 7 years

Beyond that ???

Sep 25, 2016 09:36 AM
Rainmaker
763,883
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I believe it legally ends at the close of escrow.  Good question!

Sep 25, 2016 09:16 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

hmmmm...interesting answer from you, Hella M. Rothwell, Broker/Realtor® I would have thought long after the closing.... many years....

Sep 25, 2016 04:58 AM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

When the transacgtion has closed - that doesn't mean some people won't sue long after

Sep 25, 2016 02:01 AM
Rainmaker
1,661,936
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 own this one.

Sep 25, 2016 01:34 AM
Rainmaker
4,936,716
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I am thinking when the transaction closes.

Sep 25, 2016 12:38 AM
Rainmaker
4,572,489
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Interesting question and responses.   We had this discussion many years in an office meeting - I was surprised.   

Sep 24, 2016 11:41 PM
Rainmaker
5,005,659
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Bingo! Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 have answered the question!

Sep 24, 2016 11:41 PM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Hella M. Rothwell, Broker/Realtor® Typically when the closing is over. However, we are still obligated to maintain the client's confidentially, etc.

Sep 24, 2016 11:22 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Technically at closing or at formal termination of an agency relationship. E&O is there to protect afterwards.

Sep 24, 2016 11:18 PM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Since we mostly work as transaction agency relationships in Florida, we don't have clients we have customers.  Duties end with the completion of the transaction.

Sep 24, 2016 11:16 PM
Rainmaker
5,217,381
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Norm Padula provided some sage advice on this!

Sep 24, 2016 11:04 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 nailed this one!

Sep 24, 2016 10:30 PM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Duties end at closing, hopefully the positive relationship lasts for life.

Sep 24, 2016 07:01 PM
Rainmaker
2,363,318
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

each state has a different answer so you should also check the laws in your state

Sep 24, 2016 03:04 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Representation ceases at closing or when the representation is terminated however confidentiality continues on and on.

Sep 24, 2016 12:08 PM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

It never stops.

Sep 25, 2016 12:41 AM
Rainmaker
2,781,303
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When the client is tucked in for the night, its over providing you did all your Real Estate duties.

Sep 25, 2016 12:04 AM
Rainmaker
7,836,431
Roy Kelley
Retired - Gaithersburg, MD

Never.

Sep 24, 2016 09:52 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It depends on the type of duties.

Sep 24, 2016 09:13 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

AS far as I am concerned my duties are never done if the client needs help

Sep 24, 2016 02:08 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Whatever the law says about that (don't remember it being on that test I took way back when), I think it lasts as long as we do!

Sep 24, 2016 12:15 PM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Ditto under Thomas Nelson comment. (Couldn't get the @ to work)

 

Sep 24, 2016 08:45 AM