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If one of your home sellers is involved in a legal dispute or – even worse – is named in a lawsuit, you have protection through legal representation that your E&O insurance provides. Brokers and inspectors are offered this protection as well. However, this doesn’t mean you avoid a trip to the courtroom.
If the seller is involved in a dispute, they are without legal protection, and are left to deal with it on their own. As a result, they may drag their agent and broker into the lawsuit, even if they don’t want to.
Luckily, Sellers Shield offers protection to sellers, agents, and brokers. Through Home Sale Legal Protection™, Sellers Shield helps clients resolve 94% of disputes BEFORE they escalate to lawsuits, which means brokers and agents can’t be drawn into the suits that no longer exist.
Mediations are on the rise. To ensure you and your business are protected, make sure your sellers know about the legal risk involved after a sale and their options through Home Sale Legal Protection™.
Lawsuits against real estate professionals increased 9% nationwide... expected to increase in 2023
Home sellers are often completely unaware they can be sued after their home sells; this lack of knowledge makes the reality of a lawsuit even more devastating.
After receiving a demand letter, sellers are left to fight a stressful and lengthy legal battle alone. On average, the demand for compensatory damages is $54,000.
Fortunately, Sellers Shield works to protect sellers in the event of a home sale lawsuit. This means everyone – sellers, agents, and brokers – can now enjoy peace of mind when it comes to their life and/or real estate business. Here’s how:
Even if a seller does everything right, from checking every box and thoroughly answering all questions, they still may be sued. That’s why Sellers Shield created Home Sale Legal Protection™; It’s designed to protect sellers if the buyer brings legal action after the sale:
Sellers Shield protects sellers in the event of a lawsuit with Home Sale Legal Protection™, but also reduces the likelihood of a lawsuit from happening in the first place via the forms themselves.
Because disclosure form errors are the #1 cause of home sale legal disputes, Seller Shield’s legal experts created a disclosure form process that helps sellers fill out forms as accurately and completely as possible:
The best way to prevent a lawsuit is to educate sellers on the importance of accurate disclosures. However, it’s essential to remember that no matter how good you are at your job, or how honest your seller may be, the reality is that lawsuits happen and sellers deserve protection.
Tell your sellers about Home Sale Legal Protection™ so they never have to go through the emotional and financial devastation of a lawsuit—and your real estate business won’t have to, either.
