Yeah, its a sales tactic. Are you serious? As usual, most of you have no idea what your talking about. It may be true that you have not heard of many lawsuits in the last 5 years while everything was gravy, but take a look at the past.. the past you all are predicting will repeat.
This is an article from 1994. Disgruntled buyers who were unhappy with their de-valuing purchases went sue crazy. You don’t think its going to happen again? Nobody takes responsibility for their actions or choices anymore.
The liability for R/E agents and appraisers is insurmountable. 1 claim against you, true or false, can result in your license being suspended while under investigation, revoked by the state or dropped by your liability carrier. Boom you are out of business. Personal assets are at risk, there is NO liability shield from incorporating or going LLC.
