your Realtors E and O Insurance

E and O Insurance carried by your Realtor is Mandatory in some states and is NOT intended to protect the Realtor's Customer or Client. E and O Insurance is "Intended" to Protect the Realtor.

I always thought that my Real Estate E and O Insurance Would Protect my Clients. If there was something, for example in the wall that came up as a problem later, hence and Error or an Ommission than my Insurance would pay for it. It does not. Using a "Realtor" offers you NO protection and can in fact hurt you in your real estate transaction.

Don't listen to me, look into it, however, I do have information directly from my E and O insurance provide that states the very fact that my insurance is not meant to protect my clients.

So, this being true, what would make a State Agency "make" E and O insurance mandatory, it is as if the State Bodies that govern real estate think that E and O insurance protects the consumer but in actuality it does not.

If "they" want to "make it mandatory" that Realtors have E and O insurance than really they are requiring that the Realtor protect themselves from the Real Estate Consumer. Hmmmm... This Does Not Sound Right to me...

Find Out More about what you really NEED to know about the Real Estate industry at www.SavvyBroker.com


Crystal L. Cox
Ten Lakes Realty
www.ConfessionsOfArealtor.com