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3 Characteristics of Your Brokerage That Could Be Resulting In Higher E&O Premiums

  • Posted by Real Estate Team
  • On August 31, 2017
As a real estate brokerage owner or manager, there’s no doubt you want the best E&O coverage available for the best price. Unlike other types of insurance, E&O insurance underwriters look at a wide variety of factors in determining your premium. Some are more concrete than others. For example, the brokerages Gross Commission Income is […]
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How to get better E&O premium terms

  • Posted by REO Advisors
  • On June 27, 2015
Errors and omissions insurance is one of the key coverage types the real estate industry relies upon to help it manage claims. When weighing different insurance carriers, many real estate companies will undoubtedly compare premium pricing and services rendered of various providers, both of which may help them make informed decisions about which carrier to […]
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Too few real estate agents understand their E&O policies

  • Posted by REO Advisors
  • On June 26, 2015
Errors and omissions insurance coverage is a product that companies across an array of industries carry, as these policies can be critical to keeping firms solvent in the event of lawsuits. For the real estate industry, which manages millions of dollars in housing and commercial real estate transactions, carrying adequate E&O insurance is pivotal. While […]
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Are You Exposing Yourself to Non-covered Liabilities?

  • Posted by REO Advisors
  • On June 26, 2015
Brokers and agents often enter into contracts that contain an indemnity clause, assuming that these clauses are inconsequential and/or boilerplate at best. Nothing could be further from the truth. While nearly every contract typically contains an indemnity clause, some, such as REO Listing Agreements assigned by a bank (or the bank’s asset manager) often require […]
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