Real estate agents and brokers often assume that every sale will unfold like clockwork and that all their buyers and sellers will be reasonable. Sadly, reality can quickly prove them wrong. A property’s curb appeal might mask structural problems inside. Lead paint, a septic tank on its last legs, a leaking roof, a termite infestation, a radon or asbestos problem... all could be lurking behind closed doors, ready to confound the sale or generate legal disputes afterwards. Similarly, the people you deal with may initially seem nice. But when something goes awry during the purchase process, they may look to you for financial relief.
SPARK has partnered with Gallagher Affinity to offer an affordable, comprehensive top-rated professional liability E&O insurance program designed specifically for Real Estate Brokers. Coverage extends to all agents of the firm for all of their real estate transactions within the company under one policy.