colinrealestate

We’ve been in the property industry a fair time now and know all the best service providers sellers and buyers need to talk with as they pursue their next step in  life. Sadly, in these litigious times, our knowledge and experience cannot be conveyed to you!

It all stems from a situation like this, where someone, say, a realtor has advised a client to use the services of supplier ‘A’ and they have duly done so. The information or services or reports supplied by ‘A’ have formed the basis for a sale or purchase and a sale has proceeded. Later, the information proves to be errant and major costs result for the seller or buyer [mostly the latter].

Legal action is taken by the client, ‘A’ proves not to have insurance cover or securable assets….and everyone loses. Next step for the complainant is to pursue the person who advised the seller or buyer and that’s where we sit.  Our legal and insurance people have commanded that we realtors must fall in behind insurance, building, finance and other service industries along with banks and councils. In short, we can’t suggest someone for you to use.

So, here’s some advice we can offer: Carefully seek out suppliers and service providers who are members of national associations, carry comprehensive insurance cover [statutory, Professional Indemnity, Public Liability] and who can show you a list of references you can research. It’s also worth checking on Complaints Procedures they promote too.

It’s a shame we can’t use our years of experience but as they say, “It’s the way of today’s world!”

Filed under: REAL ESTATE | Tagged: Real Estate