Mel Ahrens, MBA,  Kelly Right Real Estate, Customized Choices for your Real Estate Needs (Kelly Right Real Estate)

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Rainmaker
3,637,425
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Most of the litigation involving FSBO's are likely to occur in small claims court or circuit courts. Very hard to generalize. Different areas of Florida have ruled differently on similar facts.

Most E&O claims are for smaller amounts of money. The big cases make headlines!

Oct 26, 2017 02:07 PM
Rainmaker
1,618,650
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

I do remember seeing that ages ago but don't know the source. As Corinne says, how could you get it? Transfers vs litigation? It would be tough to process it.

Do I think someone 'winged it'? You bet.

Oct 26, 2017 12:00 PM
Ambassador
4,756,318
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

So many court houses throughout the land, and since these do not fall under any E&O coverage there probably are not any accurate stats on this.

Oct 26, 2017 05:02 PM
Rainmaker
1,306,592
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Sorry, I don't and short of combing through the transaction records for the county (all transactions minus auctions and real estate sales) and then comb through the court filings looking for FSBO stuff... I just don't have the time or really see the benefit.

Oct 26, 2017 01:14 PM
Rainmaker
465,654
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I have not heard of this stat, Mel Ahrens, MBA, Kelly Right Real Estate . However, I have heard that 1 out of 5 real estate agents will be sued sometime in their career and that 70% of these suits happen to agents with 7 plus years of experience. 

Oct 26, 2017 11:50 AM
Rainmaker
1,893,542
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Great answers here

Sep 23, 2018 03:10 PM
Rainmaker
1,438,302
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Nope

Sep 23, 2018 03:09 PM
Rainmaker
1,353,480
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I do not Mel Ahrens, MBA, Kelly Right Real Estate 

Oct 26, 2017 04:01 PM
Rainmaker
812,414
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I'd be super interested in those stats if you ever do get a hold of them. I suspect that what Wayne said is correct and most of those are settled in small claims court.

Oct 26, 2017 02:47 PM
Rainmaker
5,388,650
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I've never heard anyone have any conversation about this topic!

Oct 26, 2017 01:15 PM
Rainmaker
5,883,749
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I do hot have the figures.

Oct 26, 2017 01:12 PM
Ambassador
3,720,216
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

As Wayne Martin said, FSBO litigation occurs in the courts and we are not privy to that information (easily, at least).

I recently read an article (I think it was either in Time or BiggerPockets) that spoke to this very issue. The reason that most FSBOs are sued is because there are no agents to either 'prevent' the incidents and we have E&O to cover issues, should they arise.  

Oct 26, 2017 06:55 PM
Ambassador
3,985,307
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I think that number is really high. I have worked in the business for 37 years and know of only one lawsuit against the firms I worked for.

Oct 26, 2017 06:23 PM
Rainmaker
1,048,681
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

not sure how to source that, but great question!

Oct 26, 2017 06:03 PM
Rainmaker
735,413
Peter Mohylsky. Beach Expert
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN

Interesting post. I appreciate you sharing this question and the following answers.  

Oct 26, 2017 12:53 PM
Rainmaker
3,494,169
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

This is the first I've even heard this issue raised.

Oct 26, 2017 12:23 PM
Rainmaker
1,506,571
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I never heard of such....It does not mean they have low risk and low rate of lawsuits. Someone needs to be paid to do this kind of research and who would that be? 

Sep 03, 2018 11:28 PM
Ambassador
4,306,997
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I wish I had!

Jul 09, 2018 10:47 PM
Rainmaker
1,042,137
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

That's a great question I have looked for similar data I will be watching to see if anyone has found them 

Dec 16, 2017 06:25 AM
Rainmaker
4,383,064
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have not tried tracking this info, so doing some reading of the comments.

Oct 30, 2017 07:53 AM
Rainmaker
3,476,028
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good question, but not up on it.

 

Oct 29, 2017 08:51 AM
Rainmaker
3,676,343
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good question, Mel but I'm not sure how this could truly be substantiated.  If you find out...let us know.  

Oct 27, 2017 06:52 PM
Rainmaker
821,950
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Now this would be incredible information to have for the local area.

I suggest you start planning a project for a intern.

This is the time of year parents are reviewing schools for next years session. Your local newspaper or school administrator will be able to find those schools with a law specialty. That's where you can start.

OR chat with the clerk of courts and find out if that information can be found online. Then hire a real programmer who can scrape data from across the country and you've got something to ride for passive income.

A similar project was completed regarding how insurance companies respond when a claim is made.  How often do they reject claim. How much do they raise rates, if at all, on first/second/third claim, etc. How long until they pay. And on and on.

Oct 27, 2017 12:53 PM
Rainmaker
2,886,061
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I do not believe there is a cost and time efficient way to actually track and record that data.  It is essentially useless data in any event. 

Oct 27, 2017 08:32 AM
Rainmaker
4,798,831
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't, sorry.

Oct 27, 2017 06:08 AM
Rainmaker
583,675
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I've never seen statistics on this but wish they were available.

Oct 27, 2017 05:28 AM
Rainmaker
3,066,356
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Barbara Todaro nailed this one!

Oct 27, 2017 04:39 AM
Rainmaker
4,432,941
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not.

Oct 27, 2017 04:02 AM
Ambassador
4,252,321
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Interesting question but I have no idea. The immediate thought was that many issues are through the small claims court. Not sure how you woudl get that info. What are you looking for, the number and types of litigation cases?

Oct 26, 2017 08:37 PM
Rainmaker
3,985,581
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I am seeing more FSBO's having issues because they do not the laws of disclosure

Oct 26, 2017 06:58 PM
Ambassador
2,468,722
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  I don't know how you could find that information without reviewing local Clerk of Court records.

Oct 26, 2017 06:11 PM
Rainmaker
2,557,820
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

What a good question. Let's see some answers Mel

Oct 26, 2017 05:44 PM
Rainmaker
4,921,215
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Mel,

Perhaps a real estate attorney could be a great source?

Oct 26, 2017 03:29 PM
Ambassador
1,706,708
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Never seen any.

Oct 26, 2017 03:23 PM