Managers identify legal battles as hot button issue.Premises liability, debt collection and frivolous suits are among the hot button issues that worry the nation's real estate managers. The fndings came from a new two-part survey of current and emerging legal liability issues impacting real estate managers have been released jointly by the Institute of Real Estate Management This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. (IREM IREM Institute of Real Estate Management (Chicago, Illinois) IREM Institute of Real Estate Managers IREM Integrated Research, Evaluation, and System Analysis Model IREM Infra-Red Emission Microscopy [R]) and the National Association of Realtors The National Association of Realtors (NAR) is made up of residential and commercial realtors who are brokers, salespeople, property managers, appraisers, and counselors, and others working in the real estate industry. [R] (NAR NAR National Association of REALTORS NAR Nucleic Acids Research (journal) NAR National Association of Rocketry NAR Nationale Arbeidsraad (Dutch: National Labor Council; Brussels, Belgium) [R]). While the survey sample oflREM leaders was too small to be statistically significant, it does identify areas of current concern that may warrant further study. The most significant current legal problems identified by the 80 IREM leaders surveyed are those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the day-to-day business of managing properties. Premises liability issues--from slip-and-fall accidents to crimes on the property--all were deemed significant. In fact, a majority of respondents, (57%) ranked slips and falls as the single leading cause of current disputes, with more than six in 10 (63%) ranking such accidents among the top three management issues they and their colleagues face. Debt collection also triggers many disputes right now, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the respondents, with 48% of them ranking it the Number One cause of disputes and 53% including it among the top three management issues. Yet another significant problem area today is frivolous litigation Frivolous litigation is a legal claim or defense presented even though the party and the party's legal counsel had reason to know that the claim or defense had no merit. A claim or defense may be frivolous because it had no underlying justification in fact, or because it was not , perceived as the single leading cause of disputes by 48% of respondents and among the top three management issues by 63%. Viewed as less significant, but still sources of concern to the respondents, are issues involving fair housing and age discrimination. When asked to predict which problems would become more significant over the short term--the next two years--survey respondents again cited premises liability issues, debt collection and frivolous lawsuits. Two employment issues--age discrimination and wrongful termination--also are seen to be increasing in importance. By comparison, when the respondents were asked to extend their predictions over a longer time line, employment discrimination based on race, national origin and sexual orientation sexual orientation n. The direction of one's sexual interest toward members of the same, opposite, or both sexes, especially a direction seen to be dictated by physiologic rather than sociologic forces. discrimination all were highly ranked, with several including fair housing issues in the mix. Explaining the rationale for the survey, IREM President Robert Toothaker, CPM[R], stated: "A while back, IREM members identified 'risk management' as one of the four strategic issues affecting today's real estate management industry (the other three issues cited were technology, workforce development and business competition). "We undertook the survey in partnership with NAR to help our members and industry colleagues better address risk management challenges in their business practices, thereby enhancing their performance on behalf of the owners and investors and other constituents they serve." |
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