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Category Archives: Real Estate

PLUS: 2015 Real Estate Trends

Back in November, Errors-Omissions.com’s own Mike Smith participated in a discussion hosted by the Professional Liability Underwriting Society.

Find out about the state of the 2015’s E&O trends to help you get ready for 2016’s opportunities and challenges by watching the video below:

The State of Real Estate Errors & Omissions from PLUS on Vimeo.

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Potential E&O Exposures for Real Estate Professionals

Potential E&O Exposures for Real Estate ProfessionalsThe use of wire transfers and the Automated Clearing House (ACH) Network are used to handle real estate transactions between businesses and individuals. Real estate agents, brokers, property managers, title agents, escrow agents, mortgage brokers and bankers all have access to personal and financial data of their clients with wire transfers and ACH instructions – information that has become increasingly at risk for fraud and deception. In fact, scammers and …

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Real Estate Insurance E&O: Don’t Sell A Home Without It

 Real Estate Insurance E&O Don’t Sell A Home Without ItE&O Insurance Covers Legal Bills and Judgments

A few months ago, we were interviewed for an article that appeared in the Wall Street Journal on why real estate agents should consider purchasing Errors & Omissions Insurance. The WSJ piece discussed a case in which a couple sued a pair of agents because they were allegedly never told about a murder-suicide that took place in the home a year prior …

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Real Estate Agents Reviewing Professional Liability Insurance as Property Market Takes An Upward Turn

Real Estate Agents Reviewing Professional Liability Insurance as Property Market Takes An Upward Turn

Real Estate Agents Reviewing Professional Liability Insurance as Property Market Takes An Upward Turn

As the economy begins to see improvement so does the real estate industry, which experienced a severe downtown when the housing market imploded in 2007. Today, things are beginning to shift, with the U.S. housing market showing signs of sustained recovery. According to a Merrill Lynch Outlook report, housing prices in 2013 are expected to see …

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Pop Star Slaps California Realty Company with Lawsuit for Non-Disclosure & Failure to Perform Due Diligence

Not all real estate lawsuits make the newswires. But when it comes to pop star Rihanna, her homeowner woes are all over the Internet. The singer is suing Prudential California Realty, which represented her in the purchase of her Beverly Hills mansion. Rihanna alleges that the property has a number of serious structural defects that make it uninhabitable. She is also suing Landmark Design Group, the firm that remodeled the …

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Short Sales Pose Challenges for Real Estate Professionals

The economic downturn has unquestionably affected everyone, especially homeowners across the country who are facing foreclosures and short sales. One of the fall-outs from this is that law firms are seeing more lawsuits over short sales involving real estate agents and brokers. Some cases are as a result of agents attempting to provide legal advice, such as encouraging homeowners to undertake short sales in lieu of allowing their houses to …

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Social Media Trends for Property Managers: Going Where Gen Y Is

At Axis Insurance, we offer property managers throughout the country with Errors & Omissions coverage to protect them from claims relating to an error or omission in providing professional services that can lead to a lawsuit. Part of our staff’s expertise comes from keeping our pulse on what is going in the property industry as it relates to regulations, trends, the economy, technology, and other key issues.

Recently, we listened …

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Innovation Comes with Risk: The Need for Architects E&O Insurance

As an architect, you may remember the famous MIT lawsuit against Frank Gehry in 2007 over the design and functionality of its 720,000-square-foot nine-story Stata Center. The research building was opened in 2004, and after developing several issues such as leaks, cracking bricks, mold, and snow falling onto the sidewalk, MIT sued Gehry and Beacon Skanska, the builder. No amount was named for the damages and the suit was …

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Error Omissions
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