Updated over 2 years ago on . Most recent reply
Broker E&O insurance
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.