Real estate agents should perform very thorough inspections in order to give accurate information to buyers and to avoid unnecessary lawsuits. These inspections should cover the inside and outside of the property, the garage and all grounds. However, even when realtors do inspections to the best of their abilities, lawsuits can still sometimes occur. Insurance for real estate agents is crucial, in order for them to be able to protect themselves.
When inspecting the inside of a property, the realtor should document anything he or she finds. This includes water spots, broken fixtures, mold and discoloration. In the garage, the real estate agent should look out for any structural damage, rodents, broken windows, or damaged appliances.
The real estate agent should also do a thorough inspection of the exterior of the property, including issues related to moles, waterlogged areas, dying trees, or broken pathways. If the property has any exterior structures like decks or patios, the realtor should look for rotting wood, termites, or cracked concrete. The realtor should also take note of any issues related to gates, fences, and sound walls.
Even if the inspector documents everything, it’s in the real estate agent’s best interest to also keep a log of any defects. This helps protect the realtor if the new buyers uncover defects that were not documented by the inspector, or if the buyers try to sue the realtor for issues that were not present. Insurance for real estate agents will help them navigate any potential claims, as they will be covered for damages.