Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
California Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

258
Posts
141
Votes
Richie Thomas
  • Rental Property Investor
  • Sedona, AZ
141
Votes |
258
Posts

Real Estate Agents- how painful are Natural Hazard Disclosures?

Richie Thomas
  • Rental Property Investor
  • Sedona, AZ
Posted

I'm in the process of studying for my California real estate license. Not for the purpose of becoming an agent (I'm a software engineer by trade), but rather for the purpose of learning more about the real estate industry, with a view to perhaps starting a business tailored to the industry.

I'm currently learning about conveyances and disclosures, specifically the Natural Hazards Disclosure Statement.  It strikes me that discovering whether a property is in a natural hazard zone might be a task which is both: 

  a) time-consuming to do manually for each of the agent's listed properties, and 

  b) super-important for the agent to perform correctly, from a liability standpoint.

I'd love the opinions of any real estate agents in this forum on this topic:

  1) How much time do you spend on these disclosures for a single transaction, in terms of both due diligence/research/looking up records and also filling out the required disclosure forms?

  2) How many transactions do you do in a given month?

  3) Are there any software tools which make this task easier, and have you used them before, and how easy/hard were they to use?

Most Popular Reply

User Stats

300
Posts
146
Votes
Dennis Maynard
  • Real Estate Broker
  • Los Angeles, CA
146
Votes |
300
Posts
Dennis Maynard
  • Real Estate Broker
  • Los Angeles, CA
Replied

Nope, there are companies or services that do it for you.  You only pick up the phone and order.  You don't do the research.  These companies have been in business for a while and insure the information.  Check out myNHD.com  or PropertyID.com

Loading replies...