Why You Need Real Estate Agent Insurance

Why You Need Real Estate Agent Insurance

In the real estate field, mistakes are bound to happen from time to time. Even with the most vigilant agent, details can slip through cracks and legal issues can arise. Here are a few reasons why you should consider obtaining real estate agent insurance.

A failure to disclose pertinent information is one issue that can come back to haunt an agent. Whether the failure to disclose was intentional, you can still be held responsible. If the issue was something that you were not aware of yourself, there is a good chance you will still need resources if it goes to court and you need to defend yourself. A failure to recommend a fair and reasonable price can also become an issue down the road. While you might be convinced you are doing just that, the client may not always agree after further research.

Another reason you may find real estate agent insurance to come in handy is in the case where documentation gets overlooked. There are numerous types of documentation and reports that need to be secured, organized and filed. Unfortunately, in the midst of the chaotic process it is possible to miss one by deadline, or have it altogether forgotten. Having insurance protects you and keeps you from facing serious financial burdens should legal claims be made against you.

Having real estate insurance can protect you and allow you to offer your clients the best service while maintaining a financial and legal safety net for you and your company.

This post was written by , posted on September 9, 2015 Wednesday at 4:00 pm