Alabama Real Estate School

Agency in Real Estate A real estate broker is a fiduciary and holds a position of trust and confidence. He cannot put himself in a position antagonistic to his principal’s interest, by fraudulent conduct, acting adversely to his client’s interests, or by failing to communicate information he may possess or acquire which is or may be material to his employer’s advantage, or otherwise. The most significant word in this statement is “employer.” This is what so many agents don’t seem ... Read Full Post

Risk Management in Real Estate The practice of real estate is such a legalistic business and we take our jobs far too lightly. I think one of the reasons is because we haven’t had a transaction that ended up in litigation. In all my Risk Management CE classes, I use this illustration; “When you driving down the road and you’re speeding, and you look in your rear view mirror and see a blue light flashing, it’s too late to be concerned about how fast you were going.” The damage is don... Read Full Post