Lack of Expert Testimony Forces Court to Dismiss Lawsuit
A bankrupt furniture company brought a malpractice lawsuit against its law firm, alleging that improperly performed services helped lead the company into bankruptcy. A New York Federal judge dismissed...
View ArticleReal Estate Agent Sued over Verbal Agreement
A Houston CEO is alleged to have verbally agreed to buy the $8M home of his neighbor, when the house was later sold to someone else he sued. The former owner and his real estate agent are being sued...
View ArticleLawsuits over Typos
A LA Times article highlights a growing risk management issue – typos in MLS listings are quickly syndicated across the web and even when corrected can lead to lawsuits. Contact InsureRealtors.com to...
View ArticleFormer Principal of John Buck Sues for $12 Million
The John Buck Company – a national property management and development firm – was recently sued in Illinois. Greg Merdinger, a principal of the firm until 2009, alleges mismanagement of a New York...
View ArticleSan Diego Buyer Sues Realtor for Overpaying
A southern CA home buyer has sued their agent for allowing them to overpay for a $1.2M home. They are claiming the real estate agent should have advised them to bid lower as they paid $175,000 more...
View ArticleThe Dangers of… the Open House??
Lena Katamanin of Highland Park, Illinois sued her real estate agent after an open house resulted in theft of her personal property. According to the report, $162,000 worth of jewelry was stolen...
View ArticleProperty Manager Sued for Discrimination after Termination
A Pennsylvania property manager has been sued for discrimination after firing a pregnant property manager. The suit highlights the employment practices risks to all businesses, but especially to real...
View ArticleReal Estate Agent Sued by Insurance Company
The insurance companies that paid six homeowners nearly $2 million over a brush fire have sued the owners of the property the fire started on and the real estate agent involved with the property. The...
View ArticleReal Estate Agent Sued for Selling Contaminated Land
The Illinois Company of LJ Jordan alleged negligent misrepresentation in a lawsuit brought against the real estate agent the company worked with when acquiring a piece of land. The seller and real...
View ArticleAgent Sued for Not Disclosing Double Murder
A Canadian couple is suing their real estate agent for not disclosing that their new home was the scene of a grisly double murder fifteen years earlier. Contact InsureRealtors.com to better protect...
View ArticlePA Real Estate Agents Not Required to Disclose Murder
A split state superior court in Pennsylvania has ruled that real estate agents in the state are not required to disclose when a murder has happened in a house. In 2008 an investor purchased a house at...
View ArticleEmployment Related Lawsuits – Do Real Estates Firms have Risk?
As the new year progresses, many firms use this time to assess their internal policies and practices. One risk that is often ignored by real estate firms is employment practice liability. This is due...
View ArticleHomeowners Policy Excludes Client Data Lost
The Seventh Circuit Court of Appeals has ruled on a coverage dispute between a CPA and her home insurer over client data that went missing in her possession. The staff accountant had a CD with 30k...
View ArticleReal Estate Agents charged with Fraud
A Florida couple has filed a lawsuit against their real estate agent and mortgage originator for the couple losing earnest money and for fraud. The couple alleges that the agent urged the couple to...
View ArticleProperty Manager Sued for Embezelement
Evelyn Collazo, an ex-employee for Sterling Bays Cos., was sued for allegedly stealing $150,000 from the property management company. The suit explains that while Ms. Collazo was overseeing the the...
View ArticleIDX Feed Leads to Lawsuit and Subsequent Dismissal
A story circulated among real estate blogs, video news sites and even the National Association of Realtor’s (NAR) Facebook page brings some interesting risk management thoughts to light. The lawsuit...
View ArticleLoss Prevention: Limit the Titles Agents can use, Watch Out for Undisclosed...
New York Warns Against Lofty Titles for Agents The New York Department of State issued an opinion letter in late April explaining that real estate firms must be careful when allowing their agents to...
View ArticleDiscrimination Takes Subtle Forms, New HUD Study Shows
In the fourth study of its kind, The Department of Housing and Urban Development and the Urban Institute has discovered that discrimination is changing form. The days of blatant discrimination by real...
View ArticleCyber Liability Becoming More Common
Although not a new issue for real estate professionals, computer related losses are starting hit main street with increasing storage of customer data. Lawmakers have taken note and the requirements...
View ArticleTrademark Infringement, Walk-Through Theft
Online Back Officer Provider Dotloop Sued for Trademark Infringement Cincinnati based Dotloop, an online real estate transaction software provider, has been used for trademark infringement by San...
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