Updated about 7 years ago on . Most recent reply
E&O coverage - Real estate agent
I was in contract to buy a home but found out that it had mold during the inspection process. My real estate agent knew we had issues with buying a home with mold and we talked about it at least 2 times specifically as it related to the contract. We wanted to know we were protected and I had his assurance in writing that we would be able to cancel specifically when finding mold before we signed the contract. What responsibility does our agent have for ensuring we were protected? The seller has not agreed to cancel the contract. The home is in south Jersey.
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I agree with @Russell Brazil, either request the mold be 100% remediate, or back out due to the inspection contingency. Why are you asking about E&O Insurance for your realtor? He had nothing to do with the mold.