Tuesday, November 14, 2017

News nanny: The race to censor Internet news







If we don’t fight now, conservatives will vanish from the Internet

News nanny: The race to censor Internet news



News nanny: The race to censor Internet new
How can you tell that Internet censorship is really taking off? Easy. It’s becoming a business model.
Steven Brill is raising $6 million to launch News Guard. This new service will rate news sites on their trustworthiness from green to red. Forget politically unbiased algorithms. The ratings will be conducted by “qualified, accountable human beings” from teams of “40 to 60 journalists.” Once upon a time, journalism meant original writing. Now it means deciding which original writing to censor.

Can trust be monetized?

“Can trust be monetized?” The Street’s article on News Guard asks. But it isn’t really trust that’s being monetized. It’s censorship. It’s doing the dirty work that Google and Facebook don’t want to do.
The Dems and their media allies have been pressuring Google and Facebook to do something about the “fake news” that they blame for Trump’s win. The big sites outsourced the censorship to media fact checkers. The message was, “Don’t blame us, now you’re in charge.”
Facebook made a deal with ABC News and the AP, along with Politifact, FactCheck and Snopes, to outsource the censoringfor $100K. When two of these left-wing groups declare that an article is fake, Facebook marks it up and viewership drops by 80 percent.
Facebook is reportedly considering adding the Weekly Standard to its panel of fact checkers. Even if that were to happen, it would be the difference between putting the New York Times without David Brooks or the Times with David Brooks in charge of deciding what you can read on Facebook. Adding a token conservative who is acceptable to the left doesn’t change the inherent bias of the system.
Not only does the roster of fact checkers lean to the left, but so do its notions of what’s true and false. For example, Snopes and Politifact both insist that General Pershing’s forces never buried the bodies of Muslim terrorists with pigs. But General Pershing specifically stated in his autobiography, “These Juramentado attacks were materially reduced in number by a practice that the Mohamedans held in abhorrence. The bodies were publicly buried in the same grave with a dead pig.”

Politifact and Snopes are entitled to their incorrect opinions.

Both the New York Times and the Scientific American reported on it at the time. Despite that Snopes rated this widely accepted historical fact as “False” and Politifact marked it as “Pants on Fire.”
Snopes also recently marked a story that Christ Church in Virginia is removing a George Washington plaque as false even though the church publicly announced that it was doing so.
Politifact and Snopes are entitled to their incorrect opinions. The trouble is that they don’t extend the same privilege to those they disagree with. And Google and Facebook promote fake fact checks while burying sites that discuss actual historical facts. The big Internet companies don’t want to get involved in all these arguments. But nor are they willing to let their users decide for themselves anymore.
And so Net Nanny for news has become an actual business model. Instead of protecting children from pornography, News Nanny protects adults from news. And from views outside the left’s bubble.
By adopting the News Nanny model, Google and Facebook are treating their users like children.
The News Guard model is in some ways even more insidious than biased fact checking because it sets up lists of approved and disapproved sites. Google is rolling out something similar with its “knowledge panels” for publishers. Search for the New York Times and the panels will tell you how many Pulitzers the paper has won. Search for Front Page Magazine and the panel note describes it as, “Political alignment: Right-wing politics.” No note listing a left-wing political alignment appears in the panel for the New York Times despite its recent laudatory series about the Soviet Union and Communism.
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Google and Facebook are treating their users like children

The media never has an official political orientation. Not even when it’s cheering Communism. But its opponents and critics always have one. Follow Google’s link for Front Page’s political alignment and the top entry states, “Right-wing politics hold that certain social orders and hierarchies are inevitable.”
That’s a wholly inaccurate description of either Front Page Magazine or conservative politics in America. And it’s another example of how the fight against “fake news” by the left actually ends up producing it.
And it isn’t meant to stop there.
The Google Blog casually mentions that the panels will also list, “claims the publisher has made that have been reviewed by third parties.” You get one guess as to who those “third parties” will be.
Fact checking has become a pipeline to censorship. The big social and search companies outsource fact checking to third parties and then demonetize, marginalize and outright ban views and publishers that those third parties disagree with. Fact checks are no longer an argument. They’re the prelude to a ban.
Google and Facebook respectively dominate search and social media. When they appoint official censors for their services, those left-wing fact checkers become the gatekeepers of the Internet.

Fact checking has become a pipeline to censorship

And the Internet isn’t supposed to have gatekeepers.
Senator Al Franken, of all people, made that point at the Open Markets Institute. OMI’s people have emerged as the leading opponents of big tech monopolies on the left.
“No one company should have the power to pick and choose which content reaches consumers and which doesn’t,” Franken said. “And Facebook, Google and Amazon, like ISPs, should be neutral in their treatment of the flow of lawful information and commerce on their platform.”
There is no more obvious example of the lack of neutrality than Facebook and Google’s partnership with “fact checkers.” If Net Neutrality means anything, it should strike down Google’s partnership with Poynter’s International Fact-Checking Network and Facebook’s use of Snopes to silence conservatives.
When sites picked and chose content based on algorithms, they were deciding which content reached users based on what was likely to be popular. And, occasionally, based on their own agendas. Now they are picking and choosing which content reaches users based on political orientation. While the advocates for Net Neutrality rage against cable companies, Comcast and Charter aren’t engaging in political censorship. No matter how they disguise it, Google and Facebook’s news nannies are.
News Guard is an ominous warning that online censorship is becoming a viable business model as the big tech companies look around for someone else to do their dirty work for them. But subcontracted censorship is still censorship. And the only people impressed by the credentials of the “fact checkers” are those who share their politics. Unfortunately that covers the leadership of Google and Facebook.

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Trust in the mainstream media has never been lower.

Discussions about fake news often begin and end with “trust.” Major media outlets with Pulitzers are trustworthy. Major fact checking operations are also trustworthy. Even Snopes is somehow trustworthy despite its utter lack of professionalism, and its founders accusing each other of embezzlement.
But “trust” has more than one meaning. We trust those people and organizations we like. And sometimes those organizations form a trust. And anyone who isn’t in, is untrustworthy.
Trust in the mainstream media has never been lower. Yet the big tech companies insist that mainstream media sources are the only trustworthy ones. They want us to trust them, because they don’t trust us.
The Internet was a revolutionary environment that liberated individuals to make their own choices. Bloggers could compete with big media. Leaked emails could bring down a government. But the Internet is becoming less free. Access is controlled by a handful of tech companies that keep getting bigger and bigger. The survivors of the scale wars will combine cable, content, and commerce in new ways. And in a politicized culture, they won’t just signal their political views, they will enforce them.
If we don’t fight now, 10 years from now conservatives will be the rats in the walls of the Internet.

This article first appeared at FrontPageMag.



Daniel Greenfield -- BombThrowers -- Bio and Archives | 7 Comments
Daniel Greenfield is a New York City writer and columnist. He is a Shillman Journalism Fellow at the David Horowitz Freedom Center and his articles appears at its Front Page Magazine site.

Monday, November 13, 2017

Real Estate Agent Errors and Omissions Insurance




Real Estate Agent Errors and Omissions Insurance

E and O insurance protects real estate agents in case of lawsuits

agent talking on her cellphone studying paperwork
Big Stock Photo
No matter how carefully a real estate agent performs the job, lawsuits can be filed against the agent and brokerage, even those that may be unfounded or frivolous. Legal expenses must be paid no matter who wins in court, and those costs can be devastating to an agent's finances. Errors and omissions insurance, E&O for short, is the name used to describe a type of malpractice insurance coverage for real estate professionals.

When an agent carries E&O insurance coverage, the insurance company defends the claim and pays any settlement or judgment against the agent up to the limits of liability stated in the policy.  The coverage protects real estate professionals against financial losses from lawsuits filed as a result of their work in the real estate profession. 
Many real estate brokers sell E&O insurance to their sales agents as part of a larger package of services provided to the agent for a flat fee. As such, agents don't always know or think about the particulars of this important insurance policy. Here are some basics about E&O insurance coverage.

Typical E&O Coverage

  • Pays claims that come about due to error, omission, or negligence related to duties as a real estate agent.
  • Pays claims that are made during the policy period.

Common E&O Exclusions

  • Claims resulting in dishonest or criminal acts by an agent.
  • Claims associated with polluted property.
  • Claims against an agent if an agent causes bodily harm or death to another person.
  • Claims arising from damage caused by an agent to someone's property.

E&O Liability Limits

  • Varies depending on your policy. Ask an insurance agent to explain options.

Deductibles for E&O Insurance

In insurance, a deductible is the amount of money an agent must pay before the insurance coverage kicks in.
Some E&O policies have two deductibles.There might be one deductible for defense costs and another for payment of damages if an agent is found to be at fault.
Some brokerages allow zero deductibles on E&O packages, providing the agent maintains a complete file with the required documents the brokerage and the law demands. This can also backfire if the agent cannot produce a complete package from closing.

Protecting Yourself

If a person files a lawsuit against a real estate agent, chances are that person will also file a lawsuit against the brokerage, in addition to filing a complaint with the agent's state real estate commission. As a general practice and for improved risk management in the event of a potential lawsuit, follow these tips:
  • Keep accurate records of all transactions and interactions with clients. For example, some agents keep electronic or handwritten journals that document client names, dates of interactions and topics of conversation.
  • When taking phone calls from clients, agents often have a notepad handy and take detailed notes during the conversation.
  • Note the client responses to documents and statements made by a lender, home inspector and / or home warranty recommendations.
    As a real estate professional, an agent should feel comfortable asking clients to sign documents stating specific actions the agent recommended -- and the client agreed to. For example, the buyer who declines a home inspection may come knocking on an agent's door if the air conditioning breaks down the day she moves into the home the agent sold to her. If the agent's files contain the signed waiver showing that the agent recommended a home inspection and the buyer declined, the agent is covered appropriately.
    Agents should document as many facts as possible during real estate transactions. It could help the agent down the road if a client later becomes unhappy about some aspect of a sale. Some agents even keep records of all of the text messages. Smart agents will also maintain a file of every single email.
    Just drag every email into a folder after closing. With that, an agent might not need to rely on E&O.
    Edited by Elizabeth Weintraub, Home Buying and Selling Expert at The Balance.
    At the time of writing, Elizabeth Weintraub, CalBRE #00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

    Understanding Appraisal Process When Buying or Refinancing a Home




    Understanding Appraisal Process When Buying or Refinancing a Home

    Understanding Home Appraisals
    Zero Creatives/Getty Images
    One of the most critical parts of getting a mortgage is Appraisal. The purpose of an appraisal is to confirm the sales price for the lender.

    What is an Appraisal?

    An appraisal is a professional estimate of the value of the property that you are planning to purchase. The person who does the appraisal is called an appraiser.

    Why Do We Need an Appraisal?

    Lenders always require a home appraisal before they will issue a mortgage.
    They do this to protect their investment: if the actual market value of the property is lower than the sales price, and you default on your mortgage, the lender won't be able to sell the property for enough money to cover the loan.
    While Refinancing, you might get a Property Inspection Waiver (PIW). It happens when the loan amount is significantly lower than the estimated value of the home. Don't count on it even if your loan to value ratio is too low since it rarely occurs.

    Be Sure to Ask for a Copy

    While you pay for the appraisal, it is done to protect the lender, not you the buyer, and the report is usually sent directly to the lender. You can request a copy be sent to you as well, but it doesn't always happen automatically, so you have to ask for it.

    Cost & Time

    It usually costs between $450-$600 for an appraisal, depending on your property type and location. More expensive homes or homes that have more than 1 unit cost higher to get appraised.
    The appraisal process usually takes anything between 3-10 business days. The appraiser sends the report to the mortgage lender, but you have a right to receive a copy of the appraisal report if you have paid for it.

    How Does the Appraiser Arrive at the Property Value?

    The most important component in arriving at the value is what is called comparable sales (or comps in short).
    These are similar properties usually located within a mile and have sold in last 90 days. The appraiser compares mainly the below features of the property against the comparables to arrive at the value
    • Square footage
    • Appearance
    • Amenities
    • Condition
    A large 4 bedroom home in an area where mostly 3 bedroom homes have recently sold will have a higher value, and a house with peeling paint and a patchy lawn in a well-manicured suburb will appraise at a lower amount than otherwise similar properties.

    What If the Property Appraises for Less Than the Sales Price?

    While deciding your loan amount as a percentage of the property price, the lender will pick the lower of the Sales Price or Appraised Value. So if the property appraises at same or higher than the sales price, you could still get the same loan amount you applied for, but if it appraises for less, the lender will reduce the loan amount to match the value of the home according to the appraisal.
    Though it can cause everyone involved in the transaction to panic; note that there are several options for the deal to happen still. If you wrote your offer contract to include a contingency requiring the property to be valued at the selling price or higher, you can:
    • Walk away from the deal
    • Negotiate with the seller to reduce the selling price
    • Put more money down to cover the difference between appraised value and the selling price
    • Dispute the appraisal: find out what comparable sales were used and ask your agent if they are appropriate, often your agent will be more familiar with the area than the appraiser and can find additional comps to support a higher valuation.