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Updated about 2 years ago on . Most recent reply

Benjamin L.'s profile image
Benjamin L.'s profile image
Benjamin L.
  • Investor
  • from Denver, Colorado
  • Member since Sep 3, 2014
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Benjamin L.'s profile image
Benjamin L.'s profile image
Benjamin L.
  • Investor
  • from Denver, Colorado
  • Member since Sep 3, 2014
Connect
Benjamin L.
  • Investor
  • Denver, CO
6
Votes |
26
Posts
Real Estate Agent

Broker E&O insurance

Benjamin L.
  • Investor
  • Denver, CO
Posted

Hope I can get some advice here...setting up a RE brokerage in Texas and needing to get E&O insurance that covers $1 million per incident, in accordance with the Texas Real Estate Commission guidelines.

I received my first quote today, and the annual premium was about $4500.  That seemed high.

Brokerage will have one licensed agent, who will purchase between 200 - 250 properties in 2021 and probably sell zero.

Is this quote in line?  Any suggestions would be greatly appreciated.  

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