October 07 2018
As a real estate agent, you should be focused on two main things: your success and the happiness of your clients. Part of creating a successful business and keeping your clients is being aware of and managing the risks you and your clients face.
In most states, real estate agents are required to save all documents pertaining to their clients for six years. These documents include everything from financial statements to legal documents. Keeping documents can ensure that if an issue arises down the road, you are prepared to protect yourself with any and all of your documents.
If you receive an email from a client, save it as a PDF or print a hardcopy. Keeping these forms of communication can ensure your preparedness should a situation arise that requires you have these documents handy.
There are different ways to store your documents securely. Saving all documents as hard copy file is great, but there are ways to digitally backup your documents and encrypt them with a password so they remain safe. Saving the documents as a PDF is simple, secure, and prevents clutter in your office. When saving documents as a PDF, create a folder for your client and save each of them in chronological order, if possible.
As the real estate market and the need for homes continues to grow, so does the increase in mortgage fraud. When a person is purchasing a home, they tend to finance the home with a mortgage. As a real estate agent, you should be on the lookout for signs of mortgage fraud.
Here are some tips for avoiding potential mortgage fraud:
These are the common things to be aware of when it comes to mortgage fraud for the home. Hopefully being prepared with this list will help you avoid getting involved in mortgage fraud.
Social media is one of the best ways to market yourself as a real estate agent. However, there are some rules to follow when posting to social media.
There are risks involved in every profession, but the benefits of a being a real estate agent make it all worthwhile. If you do find yourself in a potentially risky situation, don't be afraid to ask a trusted mentor for advice.
To view the original article, visit the Homes.com blog.