Real Estate Misrepresentation and Fraud
Автор: Frankie Griffin Passing the Real Estate Exam
Загружено: 2025-08-30
Просмотров: 80
Описание: https://www.RealEstateSchoolForSucces.... The provided video discusses the critical responsibilities of real estate agents in providing accurate information due to the significant financial stakes for clients. It clarifies the distinction between misrepresentation, an unintentional error, and fraud, which involves intentional deceit and carries legal penalties, outlining the six elements required to prove fraud. The material also introduces Errors and Omissions (E&O) insurance, highlighting its importance in covering innocent mistakes, though it does not cover fraud. Finally, the text explains puffing, an exaggeration of opinion, noting its legality but cautioning against its use, particularly for realtors who are bound by a code of ethics prohibiting such exaggeration.
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