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Disclosures: Simple Cures or Serious Consequence ~ Part 1 ~

January 5th, 2008 · No Comments

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Real estate in the public mind is “location, location, location.” On the mind
of an astute practitioner, it’s “disclose, disclose, disclose.” We all know that
each transaction is different-it’s the nature of our business. However, working
smart, the cure for inadequate disclosures is easily overcome with every
part of your business.The consequences of poor disclosures is often litigation.

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Marin County real estate attorney James B. McKenney wrote in his book,
Standard Of Care-A Real Estate Agent’s Guide To Risk Management, “Of all
lawsuits filed, 90 percent fall into areas that can be predicted and avoided.

Disclosure is the motif throughout a healthy real estate career, as well as real estate litigation. It is up to the practitioner to simply incorporate disclosure as a “partner” in his or her daily activities. Conversely, habitual mediocre behavior will always be recognized,
whether the practitioner knows it or not. What follows are some of the simple
cures and serious consequences that will define how you do business.

(Excerpt from my article in Broker/Agent Magazine, Santa Clara Valley Edition)

Pat Kapowich,
“Negotiating Smooth Transactions Throughout The South Bay”
SiliconValleyBroker.com
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Tags: Buying & Selling Simultaneously (Moving Up or Down) · Buyer HQ ~ If Not Now, When? · Seller HQ ~ Buyer Beware? What About Seller Beware? · Disclosures

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