Protecting Against Buyer Remorse

What We'll Cover

• Your Statutory Duties
• Tips to Protect Yourself
• Handling Claims
• Insurance
• Q&A

#1 Refer Clients to Experts

#2 Recognize What is Material to Transaction

#3 Document Everything

#4 Use your Principal Broker

#5 Advise Against Waiving Inspections

#6 Know the Risk of "As-Is"

#7 Use Buyer Rep Agreement

#8 You are NOT a Party to the Contract Documents

#9 Recommend Additional Inspections

#10 Be Nice

Insurance

• Duty to Indemnify
• Duty to Defend
• Common Exclusions
• Tendering the Claim

Handling Claims

• Mediation
• Arbitration
• Litigation