As a real estate professional, you have a fiduciary
responsibility to protect your client's interests throughout the
transaction. Managing your exposure to legal disputes takes a
You protect yourself by knowing the regulatory disclosure requirements
cold. You also adopt full disclosure as a "best
practice" that protects you and your clients long-term.
You take the time to educate your client on the
seller's responsibility to make a best effort to disclose all known
property defects proactively. This also protects all parties from
Agent Visual Inspections are a mandatory step one, and
the critical step two is receiving the best possible home and pest
inspections from a company sound enough to back up its work
This old article from 1999 still sizes up the situation
well in its headline:
You Better Tell Them
(Please make special note of point #5 in the article!)
In-depth, thorough home and pest inspections are a
critical protection for you and your client from litigation: Problems spotted and addressed
before closing save everyone time, money and lots of heartache.
Avoiding even a hint of litigation also preserves the probability of
future referrals, the lifeblood of your business.
Our clients push back at us occasionally because we do
not produce our reports on-site like some home inspectors, but
instead ask for a 1 to 2 business day turnaround time for our combo
Home & Termite reports. Please
know we do not ask for this lightly: We know that "time is of
the essence" in real estate transactions. But we also firmly
believe that "getting the job done right" is better than
"getting the job done." This extra
time gives us a chance to review all of our pictures and proof-read
every inspection report, a great extra bit of insurance for all
To paraphrase Allstate: Getting the job done right is our stand, and
we think that works to your benefit, too.