2. Welcome To ADR- ADR provides alternative dispute resolution fulfilling the need to prevent frivolous lawsuits by using our Lawsuit Prevention Plan and Mediation services. With the recent increase in frivolous lawsuits, meritless accusations and an onslaught of finger pointing towards the real estate industry makes It clear that now more than ever dispute resolution is an absolute necessary tool preventing Brokers and Agents from getting named in lawsuits and watching their Errors and Omissions Deductible rise. ADR's Lawsuit Prevention Plan is affordable and designed to allow the agent and the broker to retain the majority of their commission. Unlike other Risk Management companies, ADR offers a 12 month free Personal Legal Service Plan at no additional cost to the Broker and Agent. ADR Alternative Dispute Resolution Services is designed to assist the agents and the brokers in their time of need, when they are having serious legal problems that may result in a lawsuit. This can include but not limited to Informal and Formal Demands. Informal:Includes phone calls, voice mail messages, face to face conversations, act... Formal:Includes letter of demands, emails, notes written by demanding party to either the agent or broker requesting or demanding money, act.... ADR also offers preferred rates on E&O Insurance as our affiliate and also offers Pre-Audit review and transaction recording up to ten (10) years. ADR understands the hard economic times for real estate agents and brokers. Through our Affiliate program take advantage of these legal services which are user friendly for all real estate professionals. Learn more about ADR Services by contacting: adrinformation@aol.com or 800-792-7086
3. Options Available To You There are two great options for our services: OPTION 1: Agent/Broker pays $50.00 per side/per transaction and receives all the benefits of the ADR program as well as a FREE 12 month legal service plan for them only. (This option does not offer services for your client) OPTION 2: Agent/Broker or client pays through escrow the amount of $495.00 per transaction per side and the agent/broker receives the benefits of the ADR program as well as the FREE 12 month legal service plan for themselves. Plus, their clients receive the 12 month legal service plan along with mediation assistance and a certificate from our office. The agent/broker will also receive a $200.00 commission on any closed transaction that has this option placed on it. Learn more about ADR Services by contacting: adrinformation@aol.com or 800-792-7086
4. Personal & Professional Benefits Professional Mediation hot line to answer concerns or questions Transaction Document review for clients Mediation Document review for clients Free attorney consultations Letters written by the attorney on your behalf Direction and advice pertaining to individual needs (Broker/Agent/Client) by the attorney Liaison for document preparation and third party representation between client and legal department. Guaranteed 25-40% discount on all additional legal services Free E&O Insurance quotes Pre-Audit review for Broker Full seven years of transaction file maintenance Personal 12 month legal service plan includes: free consultation, document review, third party representation by the legal department as well asall our listed legal services such as: Bankruptcy, Tax Issue, Personal Injury, Wills and Probate, etc... We guarantee a 25-40% discount on all additional legal services. Buyer and Seller Legal Services As a real estate professional uses ADR legal services your buyer and/or seller receives the 12 month legal service plan. After Close of Escrow the client receives a certificate of service and their guide to the 12 month Legal Service Plan. These certificates may be presented by the agent as a housewarming gift, when the agent purchases these services for the client. The client legal services include the following issues: Family Law (including adoption), Bankruptcy, Wills and Probate Issues, Tax Issues, Personal Injury, Mediation Services and much more. Guaranteed 25-40% discount on all legal services. Learn more about ADR Services by contacting: adrinformation@aol.com or 800-792-7086
5. Some Helpful Tips Managing Risk Management Disclosures Some sellers may be reluctant to make a complete and full disclosure. They feel disclosing all problems will cost t hem money or prevent the sale. Surprisingly, people purchase terrible properties with major defects, provided the seller discloses these issues up front. On the other hand, when the seller hides defects and the buyers discover t them later, the sale usually cancels. This can result in failure-to-disclose litigation. Even if the buyer does not litigate, the seller must still begin the marketing process over again. Furthermore, most states require the agent to disclose past inspection reports to subsequent buyers. Sometimes sellers are aware of problems, but are not particularly concerned. For example, the sellers may not notice the sloping floors that indicate a foundation problem. When you spot this type of potential problem, do NOT diagnose. Instead, advise the sellers to note the sloping floors on their inspection disclosure. If they elect not to disclose the floor problem and your state requires you to fill out a disclosure, then avoid diagnosing. Your disclosure should simply read, “Sloping floors noted in entry, kitchen, and dining room.” If the buyer asks you to diagnose the problem, respond by saying, Mr. and Mrs. Buyer, if you are concerned about the floors, hire an inspector to conduct an independent investigation. If the seller knows of a problem and demands you hide it, inform your supervising broker immediately. In most cases, the smart move is to cancel the listing rather than representing someone who is pressuring you to violate the law. A second item the sellers may find to be controversial is giving the buyer a copy of the disclosure prior to or at the time they write the offer. If the buyer knows about the drawbacks of the property prior to writing an offer, the buyer will be less likely to ask the seller to lower the price based upon the inspections. Permits are another area that can cause tremendous difficulty. For example, in Los Angeles County, you must obtain a permit to replace an old water heater or dishwasher. Furthermore, if the owner adds a new master bedroom and fails to obtain a permit, the city can force the homeowner to return the property to its original condition. Other municipalities have no permit requirements at all. To protect all parties involved, familiarize yourself with what is required in your market area as well as the potential penalties for violating the building code. Learn more about ADR Services by contacting: adrinformation@aol.com or 800-792-7086