How would you handle this situation?
A seller listing his property with you, says, “That closet is locked and no-one is to open that door”. Would you take the listing without knowing what is behind the door? Your mind is racing with curiosity: maybe it’s a hidden grow-lab for a marijuana operation; or a meth lab; or perhaps the seller is hiding a material defect in the physical condition of the property such as a leak in the roof.
Most likely you would insist on a look-see into the closet.
Every week, a new article on broker risk and liability will be posted to the home page of mecentres.com. The posting is for all licensees who are serious about risk management. I’m pretty sure that’s everyone. My plan is to have a case or situation or idea which could be a topic of discussion at an office meeting. My goal is to keep all licensees thinking about risk and liability so they are more alert to the potholes in the road on the way to a successful career. With heightened awareness, hopefully licensees can steer clear of legal problems.
mecentres.com is the home of the Maine Center for Real Estate Studies, the latest project of Charles ‘Kim’ Coit. mecentres.com offers the latest in local real estate news and resources, allows you to research and register for Maine real estate licensing and continuing education classes, and hosts an exclusive bookstore where you can purchase text books.
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