REALTOR® Magazine Online: Other Ways to Shift Risk

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			Risk management Insuring Against Risks
	Three Lines of Defense Against Risk Keeping Risks Under Control Controlling Transaction Risks Agency Disclosure Avoiding Antitrust Risks Minimizing Liability from Contracts Fair Housing Risks Controlling Personnel Risks Communications Policies to Minimize Risks Insuring Against Risks More Resources: Controlling Business Risks Code of Ethics: Controlling Business Risks		Other Ways to Shift Risk Insurance is the principal way that brokerage companies share risk, but it’s not your only option. Other methods that can work with your insurance coverage to reduce liability include: Incorporate or become a limited liability company. Often, you won’t be personally liable for business losses. Cite the sources of real estate information you share with clients and customers. For example, documenting the sellers as a source of information that you can’t substantiate from another source may offer you some protection. Institute a loss-prevention program that sets up checks and balances to prevent worker fraud and to control accidents and errors in business operations. More Resources: Controlling Business Risks >

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