261 – Covid Lawsuit Traps for Investors

Make no mistake, it’s a brave new world, new situations come with new consequences.
 
Understand this….Buyers / Sellers / Realtors / Wholesalers / Flippers CAN be sued related to Covid cases impacting those they do business with.
 
There is no catch-all set of laws covering Covid and possible litigation that can come from it, each jurisdiction will be different (so far as we know right now).  There is so much unknown it is becoming ever important to start looking at ways to protect yourself from possible liability.
 
Remember, even though you might likely win your case, you will still end up wasting thousands of dollars and too much time defending yourself from such a lawsuit.
 
To begin,  let’s talk about disclosure…Article 2 of the NAR Code of ethics addresses agents making proper disclosures…if you are an agent, might want to familiarize yourself with this again…what if a seller has or had covid? Do you need to disclose that? could you be sued for not disclosing that? Maybe…is the easy answer
 
What about privacy laws, would you be violating any privacy laws protecting the infected person and therefore subject to a lawsuit?  I discuss a few different scenarios in this week’s episode that you need to consider and then hopefully take the steps to protect yourself and your business from such hassles.
 
I am doing my first FREE GIVEAWAY, yes, that’s right, I am giving away an entire year of access to Propstream’s nationwide MLS and Public Records software to two lucky listeners.  Here’s how you can enter to win…
 
First, type in Cashflowguys.com/data in any web browser and sign up for a 7 day free trial, next,  email me at info@cashflowguys.com telling me why you feel you should win a free YEAR of access to Propstream $1200 value and how you will use the product to change your life.   I will pick two luck winners from the list on the first episode that airs after December 31st so don’t delay getting signed up.
 

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