Are you a Las Vegas Realtor? Do clients ask you for recommendations when it’s time to get work done to their homes? If so, let’s talk about Realtor Risk Reduction for when you refer a “licensed” contractor to your clients. This is an important topic because, unfortunately, not all contractors that claim to be licensed truly are.
As a Las Vegas Real Estate Professional, it’s imperative to maintain good relationships with quality Las Vegas Contractors and other service providers in order to ensure that your clients receive high-quality services. However, what is also essential is to protect yourself from potential liability if something goes wrong with a project where you’ve referred a contractor.
Here are a few tips for reducing your risk when referring contractors to your clients:
- Use contractors who are licensed and insured: This is one of the most important things you can do to protect yourself. Make sure that the contractors you refer are licensed to do the work they’re being hired for, and that they have adequate insurance coverage. This will help to ensure that they can handle any issues that may arise and that your clients are protected. Click the Nevada State Contractors Board image at right to see if the folks you want to hire are truly licensed.
- Get everything in writing: Make sure that you have a written agreement in place with the contractor that outlines the scope of work, payment terms, and any other relevant details. This will help to avoid misunderstandings and ensure that everyone is on the same page.
- Avoid making guarantees: While you want to provide good recommendations to your clients, be careful not to make any guarantees about the quality of work or the outcomes of a project. This will help to protect you from potential liability if something goes wrong.
- Communicate clearly with your clients: Keep your clients informed about the progress of the project and any issues that may arise. This will help to ensure that they are aware of any potential problems and can address them in a timely manner.
By following these four tips, you can help to reduce your risk when referring contractors to your clients and protect yourself from potential liability.
Realtor Risk Reduction in Las Vegas
MMG Painting and Contracting is a General Contractor and Painting Company you can be confident referring to your clients. We are a Licensed Contractor here in Las Vegas ready to handle all your projects from interior to exterior painting, cabinet or vinyl plank flooring installation or even stucco repair.
Start Here to get your project on track with a quality licensed contractor!