Minimize Your Risk…

It has been some time since I have gone over risk management aspects.  Today, I am Lead Based Paint Brochurereminding you all that when you are dealing with Buyers, even if you are not sure where they are looking for real estate, you need to have them sign that they have received the Lead Based Paint brochure.  That way, you are covered if they are looking at  pre-1978 real estate. The brochure is available online in Forms Simplicity, but no where in the brochure does it have a place that the Buyer Lead Based Paint Disclosuresigns to say they received it.  So you need to have a simple receipt letter that they sign and date to verify they received.

As long as I am on Lead Based Paint, remember that if you are the listing agent that the Seller needs to sign and date if they have any knowledge of lead based paint.  Very Important:  Seller ‘s signature and date MUST be dated BEFORE the Buyer’s DATE and signature.  If it is the other way around, your company and possibly you may be fined as the federal government is constantly auditing files in different companies for this very discrepancy and the fines are substantial. For your convenience, click here for more info including the Disclosure Brochure in languages: The Lead Disclosure Rule

Until next week, let’s be good to each other!

Matey sig

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This entry was posted in 2015 President Elect, 2016 President, Florida REALTORS, Risk Management, Tips and tagged , , , , , . Bookmark the permalink.

One Response to Minimize Your Risk…

  1. David H. Brewer says:

    Good Morning Matey,

    I hope that you are enjoying a good holiday weekend and particularly today, Memorial Day. I am, as you know, old fashioned about many things and Memorial Day is one of those things. I honor today because the Federal government, in its infinite wisdom, has decided that a three day weekend is more important than commemoration but I also celebrate Memorial Day on the 30th in order to honor my fallen older brother. My flag stays up for the week between the two days.

    Just another of my character defects.

    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

    DavidBSWI@verizon.net

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