在今天的2021十大正规彩票app市场, more agents and brokers are selling properties they own or are involved with. This makes it more important than ever to know how your errors and omissions insurance would cover an agent-owned property claim.

一个常见的假设是2021十大正规彩票appE&O policies automatically cover agent-owned property transactions. 然而，real estate2021十大正规彩票app&O policies are written to protect against claims from third parties—not to cover an insured’s self-dealing.

这是为什么?? Agent-owned property transactions carry a much higher risk than third-party transactions. 它们具有潜在的不稳定性, 难以辩护, and typically pay out on average five times more than those involving third-party transactions. 除了, agent-owned property disputes are more likely to pay settlements or judgments than non-agent-owned property disputes.

Most standard insurance carriers now provide limited coverage for agent-owned property transactions if certain requirements are met. 覆盖范围通常仅限于住宅交易.

一些典型的要求包括:

  • 使用标准的2021十大正规彩票app合同.
  • 提供完整的 卖方披露通知 signed by the seller and acknowledged by the buyer prior to the closing.
  • 购买或2021十大正规彩票app进行房屋检查. 如果没有进行房屋检查, a written waiver should be signed by the buyer and included in your transaction file.
  • 购买一个家庭保修.

虽然你的保险可能只提供有限的保险, this coverage applies only to you in your capacity as an agent or broker; it is not designed to defend you as a seller. One practice that can mitigate this risk is to have someone else in the office handle the entire transaction. 这些交易更容易辩护.

Many brokers who are aware of the risk involved in these transactions require a non-owner agent in the firm to handle agent-owned property transactions.

While residential agent-owned property transactions may be covered when you meet certain requirements, be sure to review your policy to see if and how agent-owned non-residential transactions may be covered, 包括未开垦土地及商业物业.

即代理拥有的属性 管理 by the agent/owner may also have some limitations to trigger coverage. Be aware of your policy’s stance on agents managing property they own.

Agents will sometimes guarantee the sale of a home within a certain number of days and will buy the home themselves if they cannot find another buyer. E&O policies may cover these types of agent-purchased properties, but they may have requirements pertaining to the length of time the property is listed for resale.

The NAR 道德守则 and TREC rules require the disclosure of certain circumstances associated with the ownership of a property as it relates to the agents involved. It is imperative that all REALTORS® remember to disclose all special circumstances in writing to all parties at the outset of every transaction. These disclosures include situations involving agent-owned real estate or familial and business relationships between the agent and any party to the transaction.

Selling investment properties can be a lucrative business for real estate agents. 请注意E提供的覆盖范围的差异&当涉及到这种类型的事务时，O策略. Real estate-specific policies with standard carriers tend to provide the broadest coverage for these activities.