COLORADO REAL ESTATE EXAM- CH 2 LICENSING REQUIREMENTS

EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+/

E&O Insurance - -E&O insurance protects the Broker against loss from oversights in filling out

forms and conducting business. It does not protect the Broker if fraud is

involved or alleged in the transaction.

All activelicensed Brokers must carry E&O insurance. The CREC requires that it

be on file with them or they may inactivate a license. The insurance is

purchased through private carrier...
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