Feb 21, 2011
Protecting Realtors when government errs
21 Feb 2011
Posted by Andrew Kantor
Inman News published a column over the weekend, "How public record errors hurt real estate sellers." What the column doesn’t say, though, is what kinds of trouble a Realtor can get into by relying on those (inaccurate) public records.
Enter Virginia’s HB 1907 — otherwise known as "the agency bill." VAR introduced it, and one key provision is that "Real estate licensees will be provided immunity from lawsuits when relaying publicly available information from localities that turns out to be inaccurate."
It’s passed the House and Senate (unanimously) and the governor is expected to sign it. So, while errors in government documents will always be a problem, at least Realtors won’t have to take quite as much heat.