Booming Real Estate Market Could Mean Increased Error Risk for Agents | Burns & Wilcox

A real estate agent and realty company are sued for their handling of a $4.6 million home sale in Sarasota, Florida.

 

“With E&O policies, the trigger is a third party claiming financial loss. If a third party lost money or was forced to pay additional funds stemming from an error or omission on the part of a real estate professional, those would be considered E&O claims.” –Melissa Martin, Broker, Professional Liability, Burns & Wilcox, Milwaukee, Wisconsin

 

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