This edition of the quarterly report analyzes legal trends in risk management areas that affect real estate professionals: Agency, Property Condition Disclosure, RESPA, and Employment.
In This Issue
The Property Condition Disclosure cases retrieved this quarter addressed property disclosure statements with regards to plumbing and sewer/septic systems that were identified after the properties were purchased. Property condition disclosure issues were identified in eleven cases.
The RESPA cases retrieved this quarter examined kickbacks and unearned fees. RESPA issues were identified in four cases.
The employment topics of interest to real estate professionals cover a wide array of topics, such as independent contractors, personal assistants, wage and hour issues, and wrongful termination issues. The employment cases retrieved from April 2019 to April 2020 focused primarily on independent contractors. Over the past twelve months, employment issues were identified in six cases.