Errors and Omissions Insurance (E&O Insurance)

Errors and Omissions Insurance (E&O Insurance) – Insurance that protects a real estate broker or salesperson from mistakes, errors or omissions that may occur during a transaction.

  • Example: If a real estate broker mistakenly fails to disclose that a roof is leaking and the buyer brings a suit against the broker, the broker will be protected by his errors and omissions or E&O insurance.
Print Friendly

Facebook Comments

comments

Powered by Facebook Comments