Practice and liability
Errors and omissions insurance
Professional liability cover for negligence in providing real estate services
It responds to the missed disclosure, the arithmetic mistake, the deadline that slipped. Intentional wrongdoing is excluded, and some states require licensees to carry a policy as a condition of licensure.
How the exam asks about it
The exclusion is the examinable point: insurance is not available for choosing to defraud someone.
Related terms
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