Going on 16(!) years selling residential real estate, I really only have two rules for clients I work with:
Rule #1: “Don’t do anything to get yourself — or me! — sued.”
Rule #2: “Don’t break Rule #1.”
While it’s blissfully rare in Minnesota, home buyers and sellers have been known to depart from the path of the “straight and narrow.”**
When that’s the case, it’s crucial for the agent to expeditiously end (or avoid) the relationship, lest they be implicated in their client’s misdeeds.
As a former attorney, I know full well what a time sink litigation is.
I know, too, that good lawyers can parse every phrase and even preposition (“it depends on what the definition of ‘is,’ is”), endlessly belaboring things — and running up fees.
I’d rather spend my time selling real estate . . .
**The three most typical client transgressions: 1) misrepresentation/fraud on the Seller disclosure; 2) breach of contract; and/or 3) discrimination (race/creed/color).
See also, “Trial Lawyer Stanford Hill (aka, “The Grim Reaper”)”; “What If There Were No Hypothetical Questions?” (No, Really); “Realtors Who Keep Paper Records Are Luddites, Right? Wrong!“; and “Practicing an Ounce of (Legal) Prevention.“