Richie Alan  Naggar, agent & author  (people first...then business Ran Right Realty )

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Rainmaker
4,510,727
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Honesty is the best policy. You can pay me now or pay MORE later! And not all litigation is honest! The times in which we live.

Jun 21, 2022 04:46 AM
Ambassador
3,145,821
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

There is so much post-closing litigation in California.  

Attorneys report that 80% are the result of a seller's "failure to disclose" material facts. 

Oh, what webs do we weave when we first practice to deceive?

Jun 20, 2022 10:19 AM
Ambassador
3,386,844
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Our state association attorney speaks to this issue and there are  cases of careless and shady brokers and it appears it happens more often in property management. Thankfully it has never been an issue for us.

Jun 20, 2022 09:52 AM
Rainmaker
1,425,100
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The 4 year statute is interesting, because we only have to keep our files for 3 years.

Jun 20, 2022 08:46 AM
Ambassador
2,604,853
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

See my comment to your other question about Seller Disclosure.

 

As for E&O, trial lawyers look at how much is available before proceeding with a suit.  

 

As far as "careless" Brokers.... no excuses!

"Shady" brokers... throw the book at them.

Jun 20, 2022 02:07 PM
Rainmaker
6,967,488
Roy Kelley
Retired - Gaithersburg, MD

Honest and careful professionals need not worry.

It is good to see that you have a source for good legal advice.

Jun 20, 2022 10:45 AM
Ambassador
2,759,893
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

It happens, best to be ethical in all business dealings!

Jun 20, 2022 09:41 AM
Rainmaker
687,723
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I would not want to be Careless or Shady for sure.

Jun 20, 2022 03:16 PM
Ambassador
3,071,352
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I don't do shady, so I don't care.

Jun 20, 2022 02:18 PM
Rainmaker
914,708
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Attorneys cause the cost of EVERYTHING to go UP!
Has little to do with right or wrong. But everything to do with someone not getting their way.
And we all pay.
Every new Morgan and Morgan office means the costs will go higher and higher.

Jun 20, 2022 10:04 AM