A proactive due-diligence tool for brokers
The routine use of Impact Check gives real estate professionals a practical way to inform clients of material issues affecting the use, improvement, or value of a subject property. Increasing transparency and early disclosure may also help reduce exposure to litigation, professional liability, and disciplinary concerns.
Impact Check uses a comprehensive, constantly updated national database of proposed government takings, public projects, roadway changes, Superfund hazardous waste sites, high-voltage transmission line corridors, railway rights of way, airport safety zones, power plants, nearby registered sex offenders, solid waste facilities, and water and sewage treatment plants, among other factors.
Avoid litigation
Real estate transactions are highly regulated in every state. Many regulators place an affirmative duty on sellers, appraisers, and brokers to consider and disclose conditions that could affect value, whether those conditions are on the property itself or off-site.
A common standard for liability is whether a seller, appraiser, or broker knew or should have known of a condition. Because brokers bring professional expertise to the transaction, they are often held to an even higher standard than the seller.
- Screen for off-site issues that may not be visible from the property.
- Document that the broker made a reasonable inquiry before the deal closed.
- Help buyers and sellers understand conditions that could affect desirability or price.
