Welcome!




Expand Your Education with These Courses from
A Consumer Advocate Approach to Real Estate: Course 1.
Customer Relationship Building: Skills for Sales Success: Part Seven.
A Consumer Advocate Approach to Real Estate & Mortgages: Courses 1 & 2.
ACE: Purchase Reverse Mortgage Course.
BPOs: The Agent's Role in the Valuation Process.

How Will the Increase in Chinese Drywall Affect Real Estate Agents?

Have a comment on this article? Share on Facebook!

By Michael Ryder

Chinese drywall has become a problem for thousands of homeowners across the country, and many builders and insurers are currently facing errors and omissions insurance claims as a result. As more homes are listed on the market through foreclosures and short sales, some are wondering whether real estate agents may also face an E&O backlash from unsuspecting homeowners who purchase these properties.

The issue of Chinese drywall has been reported in several states across the country. The material emits a foul smell, and releases toxic materials that can corrode air conditioning coils, electrical wiring, metal appliances, electronics, jewelry and plumbing fixtures. Further, the drywall has been known to cause mild to severe health problems for those living in homes with the material.

In Virginia, some residents with Chinese drywall in their homes have been unable to use the property for years, particularly as they begin to develop health conditions associated with the toxic materials embedded in the material, according to local ABC News station WVEC.com. In Florida, the problem is even more persistent with nearly 2,000 homes in a single county alone being listed as having drywall, according to the News-Press. The news source reports that the number of homes listed as having the defective building material increased to 1,938 in Lee County, Florida in 2013, compared to 1,882 in 2012.

Continue Reading 1 2

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>