Five Ways Buying and Selling a House Could ChangeThe National Association of Realtors has agreed to change its policies to settle several lawsuits brought by home sellers — a move that could reduce commissions.A settlement reached this week threatens to strike a blow to an established standard of residential real estate: the 6 percent sales commission.

I also look for lawsuits and see what happened in them.

I would recommend it for lawsuits too.

His primary home is also in it's own revocable trust.I don't believe he has any asset in his own name, everything in separate trusts.I believe on each trust he is the trustee with his son as the first named beneficiary.He also carries A LOT of insurance, uses a top property management company and all of his properties are in higher-end areas.I was curious, if he's involved in a lawsuit related to one of his properties - I know the trustee has to be identified and usually the target of the suit, but are the properties in his other separate trusts protected.

The National Association of Realtors know as NAR 'settled' the class action lawsuits over conspired commissions and essentially surrendered with far reaching impacts on the industry and real estate investors.

Threatened me with a lawsuit before ever even meeting me/seeing the place.  

The choice to move it into an LLC is about separating yourself from the asset so in theory, if anything happens at the rental, the person can only go after the house in a lawsuit rather than your personal assets.

Spend the 50$ and save a lawsuit 

Because it's possible to generate a lawsuit against yourself in the course of operating the property and you want to make sure your commercial insurance is going to cover the lawsuit against you personally.