February 18 2016
I saw a news article recently about why real estate agents should use their personal email addresses. The article talked about the 10,000 selfish reasons why it benefits the Realtor®. It was a grand display of the underbelly of self-centered real estate professionals. I am here to tell you that using a personal email for real estate business is STUPID and perhaps illegal.
The communications between a real estate agent and a consumer are subject to the real estate laws in your state. They are communications that happen under the supervision of the agent’s real estate broker. They are covered by the insurances held by the real estate broker. They are subject to the Realtor Code of Ethics if you are a Realtor.
Last year, there were multiple instances of emails getting hacked. In many cases, consumer information was compromised. In some cases, earnest money instructions were hijacked and in once case, $250,000 was stolen.
Guess what? If you are a real estate agent who got hacked or had earnest money stolen, you are in deep ****.
You probably violated the broker’s independent contractor policy that you signed. If you did, your broker does not need to help you. In fact, if your actions cause harm to the brokerage brand, and you could be liable for those damages.
So lets calculate the risk:
Is it worth it?
We understand that agents switch firms. As a professional, you should have an address book of all of your customers. A simple Excel spreadsheet works great for this.
You can use a service like Plaxo or simply send a bunch of emails to your clients with your new contact information. Mailers are also pretty effective. Staying connected on social media works, too.
Whatever you do, please stop using your personal email for business before you get attacked in a terrible online situation. It happens.