All real estate agents make genuine errors at some point in their real estate career. The answer to this question is the barrier of protection you need to protect yourself.
Welcome to another episode of ✉️ MailBag ✉️
This week's question comes from Brandon from Dallas, "Do I need E&O Insurance?"
First of all, what is that?
Errors and omissions insurance. If you're an agent and you miss a step or miss disclosing something, E & O Insurance should cover it. This insurance is for accidents - genuine errors. This does NOT cover fraudulence. It is for actual mistakes, accidental omissions, and errors.
The answer to this question is yes, you need this as much as you need air.
Why? If you don't have it, your genuine mistakes could cost the brokerage 1 million dollars.
Great question, Brandon. Friends, keep hurling your burning questions this way.
Thanks for being part of the rebellion and for being here ❤️ Pete