Protect Yourself…CYA

Someone asked me a question the other day about maintaining their files.  Specifically they asked: “If I sign a listing over to another Broker, do I need to keep the file?”  Yes, you need to retain a copy, that should be dated when you got the listing and the date when you signed it over to another Broker.  Why, it’s not your responsibility any more?

Question

What if the Seller has a problem with the way the listing was handled and files a complaint?  The other Broker says it’s your fault and happened before he got the listing.  You threw away your copy – No Proof.  You could have a problem.  But since you kept a copy and had it dated as to when you signed the listing over to the new Broker and the complaint happened after the date you signed the listing over:  No problem!

That’s why you keep paperwork, to protect yourself. It could mean the difference between your license, a fine, a suspension or even revocation.  So protect yourself or as I like to say: CYA….CYA? Cover Your Assets!

Cover Your Assets

Until Next Monday…

Monday Mornings With Matey

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This entry was posted in 2014 Vice President, 2015 President Elect, A Better You, Risk management and tagged , , , , , , , , , . Bookmark the permalink.

3 Responses to Protect Yourself…CYA

  1. David H. Brewer says:

    Thank you, Matey.

    My regards,

    David

    David H. Brewer, Realtor

    Brewer, Sahm & Webb, Inc.

    Realtors & Appraisers

    1620 Wallace Avenue

    Bartow, Florida 33830

    O# 863-534-1774

    C# 863-944-7197

    F#…866-713-3005

    David.BrewerSahmWebb@verizon.net

  2. Good one Matey!

    Nancy

    Nancy L Dunning, RCE, CIPS

    Chief Executive Officer

    Cape Coral Association of REALTORSR

    Cape Coral Multiple Listing Service, Inc.

    918 SE 46th Lane

    Cape Coral, FL 33904

    TEL: 239-542-6209 ~ FAX 239-542-5903

    Email: nancy@caperealtors.com

    Web: http://www.caperealtors.com

    “Supporting Home Ownership for All”

    “If It’s Important to YOU…It’s Important to US!”

    _____

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