• Home
    • Home – Nakuru City Premier News Source
    • About Us
  • Hospitality
    • Holiday Resorts
    • Hotels
    • Staycations
  • Tourism
    • Attractions
    • Recreational
    • Expeditions
  • Business
    • Agriculture
    • Finance
    • Real estate
    • Education
    • Tech & Innovation
  • Lifestyle
    • Entertainment
    • Events
    • Social Welfare
    • Wellness
  • Contact us
    • Partner with us
    • Get Featured
  • Listen In
    • Podcast

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

HIGHLIGHTS

Tourism Gems in the US

September 1, 2022

What is aquaculture?

August 31, 2022

Thomas Tuchel slams Chelsea defending and mentality following defeat to Southampton

August 31, 2022
Facebook Twitter Instagram
PICK READS:
  • Exploring Real Estate in Nakuru: A Comprehensive Guide to Prices, Best Locations, and Opportunities
  • Lake Nakuru National Park: The Unforgettable Experience for Tourists
  • Nakuru County: A favorable MICE & Tourism destination
  • Ziwani Suites – Nakuru’s home away from home
  • National World Tourism Day 2022 in Nakuru County
  • Nakuru City to host national #WorldTourismDay2022
  • Nakuru City Celebrates #WorldTourismDay2022
  • From Obsolete Silos to Recreational Theme Park
Facebook Instagram YouTube Twitter
NaxCityNaxCity
  • Home
    • Home – Nakuru City Premier News Source
    • About Us
  • Hospitality
    • Holiday Resorts
    • Hotels
    • Staycations
  • Tourism
    • Attractions
    • Recreational
    • Expeditions
  • Business
    • Agriculture
    • Finance
    • Real estate
    • Education
    • Tech & Innovation
  • Lifestyle
    • Entertainment
    • Events
    • Social Welfare
    • Wellness
  • Contact us
    • Partner with us
    • Get Featured
  • Listen In
    • Podcast
NaxCityNaxCity
Home » Top Legal Issues Real Estate Agents Encounter
Listings

Top Legal Issues Real Estate Agents Encounter

adminBy adminAugust 31, 2022Updated:September 7, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Legal issues are a fact of life for many real estate brokerages and agents. Even with real estate continuing education, the laws surrounding the industry can be tricky. New real estate agents just getting their feet on the ground will especially find this to be the case.

The good news is that you can stay up-to-date on local, state, and federal laws. Understanding the guidelines that rule the real estate world will help you avoid legal issues that can ultimately swamp even the best agents and brokerages.

Misrepresentation

Misrepresentation is the most significant type of lawsuit brokers and real estate agents face. Typically, misrepresentation refers to misstating facts about features of a property, perhaps by claiming that the foundation or structure is in excellent shape when it is not. Real estate agents might perpetuate false information about the boundary line, roof quality, or pest issues.

Real estate continuing education often focuses on issues of misrepresentation because it is so common. In fact, many real estate agents do not know that they are misrepresenting a property. You can prevent problems like this by avoiding making predictions and by using seller disclosure forms.

Non-Disclosure

Failing to disclose the condition of a property is different from misrepresentation in that the agent is purposefully not revealing information. Non-disclosure may refer to issues like unpermitted renovations, easements, and environmental concerns.

Real estate agents can avoid getting into trouble about non-disclosure by using disclosure forms and providing evidence that you have informed the buyer about pertinent issues.

 Discrimination

Fair housing laws protect classes at different levels, ranging from state to federal. While these are not the most common lawsuits in the industry, the judgments resulting from the cases can be costly.

Discrimination can occur even when you write listings or make off-the-cuff statements like, “This house would be perfect for a couple with no children.”

Because laws are continually changing, real estate agents must pursue continuing education about fair housing laws and discrimination.

False & Misleading Advertisements

The listings and advertisements you use must be factual and accurate. Even Internet listings, as casual as you might think they are, must follow protocol. You cannot mislead a potential buyer in an attempt to lure them to a house they would have no intention of purchasing otherwise.

Not only must you comply with state licensing laws, but you must also abide by the Code of Ethics as a member of a real estate agency. You can also stay up to date on the laws of misrepresentation.

Real estate agents

Real estate agents need to understand legal contracts to prevent potential problems, but there is much more to learn about the law.

 Environmental Issues & Hazards

Failing to address environmental issues and hazards, like lead paint, contaminated water, and asbestos, can lead to a lawsuit against your brokerage. Additionally, real estate agents must know how to accurately address and disclose these issues.

Always recommend to buyers that they have a house evaluated and inspected. Real estate agents should never make statements about what a house “might” or “might not” have.

 The Importance of Real Estate Education

Ultimately, real estate continuing education can prevent many of these legal complications. In the end, studying these issues and knowing how to avoid them when you are in the field can save stress and money. Refresh your legal know-how and start your training today!

listings real estate
Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
admin
  • Website

Related Posts

Exploring Real Estate in Nakuru: A Comprehensive Guide to Prices, Best Locations, and Opportunities

June 5, 2023

Ziwani Suites – Nakuru’s home away from home

January 31, 2023

Living room ideas – 70 smart ways to update living room decor

August 31, 2022

Leave A Reply Cancel Reply

Demo
Our Picks

Exploring Real Estate in Nakuru: A Comprehensive Guide to Prices, Best Locations, and Opportunities

June 5, 2023

How To Do Child’s Pose To Release Tension & Return To Your Body

September 1, 2022

3 Healthy Habits That Might Mess With Digestion & What To Do Instead

September 1, 2022

10 Oscar Award Winning Movies

September 1, 2022
Stay In Touch
  • Facebook
  • Instagram
  • Twitter
  • YouTube
  • Pinterest
  • LinkedIn
Don't Miss
Affordable housing

Exploring Real Estate in Nakuru: A Comprehensive Guide to Prices, Best Locations, and Opportunities

By NaxCityJune 5, 20230

Are you looking for a promising investment in the real estate market? Look no further…

Lake Nakuru National Park: The Unforgettable Experience for Tourists

June 3, 2023

Nakuru County: A favorable MICE & Tourism destination

February 9, 2023

Ziwani Suites – Nakuru’s home away from home

January 31, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About
About

Welcome to Nakuru City online marketing portal for promoting the Hospitality and Business sectors. Our platform offers virtual connectivity for Nakuru residents and visitors to opportunities and developments within the County; Your credible asset for business scale.

EMAIL US: CONNECT@NAXCITY.CO.KE
WHATSAPP: +254759 366608

EDITORIAL HIGHLIGHTS

Exploring Real Estate in Nakuru: A Comprehensive Guide to Prices, Best Locations, and Opportunities

June 5, 2023

Lake Nakuru National Park: The Unforgettable Experience for Tourists

June 3, 2023

Nakuru County: A favorable MICE & Tourism destination

February 9, 2023
Follow us
  • Facebook
  • Instagram
  • Twitter
  • YouTube
  • TikTok
  • LinkedIn
Subscribe to Updates

Subscribe to Updates

Get the latest creative news from NaxCity to your inbox.

Facebook Instagram YouTube Twitter LinkedIn TikTok
  • Home
  • Podcast
  • Advertise
  • DMCA | Privacy Policy
  • Get in Touch
© 2023 NaxCity. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.