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Updated almost 9 years ago on . Most recent reply

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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
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5,028
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Does Your Broker Require You To Cover Their Legal Expenses

Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Posted

This is for any Brokers or Realtors out there. If your a Realtor, does your broker require you to cover them in the event you are sued by a buyer or seller for whatever reason and your E&O will not cover you or your Broker, are you on the hook to pay for their legal expenses? Just wondering if this is industry standard or not.

  • Curt Davis

Most Popular Reply

User Stats

5,028
Posts
2,573
Votes
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
Votes |
5,028
Posts
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

Here in TN E&O for the actual brokerage is optional. So here if I get sued and for some reason my E&O does not cover me then it wont cover my Brokerage.

Thanks @Michael Liddicoat for commenting

  • Curt Davis

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