As a real estate professional, it is crucial that you ensure that the real
estate errors and omissions insurance you buy covers you for the activities in which you engage; take the time to read your policy and just don't assume it covers you for everything.
The Real
Estate Errors and Omissions Insurance Corporation is now involved.
In the May 2012 issue of the «Risk Report,» the Real
Estate Errors and Omissions Insurance Corporation advised licensees that:
It is important for licensees to note that the Real
Estate Errors and Omissions Insurance Corporation may deny coverage for conduct that is outside the scope of their licence to provide real estate services.
Dignitaries at the board's recent Annual General Meeting included CREA President Alan Tennant; BCREA's Vice-President Andrew Peck, Executive Officer Robert Laing, Director for Region III John Tillie, and Chief Economist Cameron Muir; Executive Director Tim Pringle from the Real Estate Foundation of B.C.; Vice-Chair Eileen Smith from the Real
Estate Errors and Omissions Insurance Corporation; Philip Jones, Chair and County of Nanaimo (Broker Member), John Finlayson, from the Real Estate Council of B.C.; and Dave Watt, Second Vice-President of the Real Estate Board of Greater Vancouver.
He is a past chair of the Real
Estate Errors and Omissions Corporation of BC, the Real Estate Council of B.C., the BC Real Estate Association and the Vancouver Island Real Estate Board.
Real
Estate Errors and Omissions Insurance Corporation was established in 1988 and provides mandatory errors and omissions insurance to real estate licensees in B.C.
The Board of Directors of the Real
Estate Errors and Omissions Insurance Corporation has elected Rosemary Barnes as chair of the board.
With more than 37 years of experience, Randy Forbes has held director positions at the Vancouver Island Real Estate Board, the British Columbia Real Estate Association and the British Columbia Real
Estate Errors and Omissions Insurance Corporation.
«insurance corporation» means the Real
Estate Errors and Omissions Insurance Corporation continued under section 99 [insurance corporation continued];
The Real
Estate Errors and Omissions Insurance Corporation has adopted a policy of assessing both brokerages and individual licensees one insurance premium, regardless of the number of licences held.
99 (1) The Real
Estate Errors and Omissions Insurance Corporation is continued as a corporation consisting of the members of its board of directors.
(iii) any money held on behalf of the Berkshire Mews will not be protected by the Real Estate Compensation Fund Corporation nor will Ray be indemnified by the Real
Estate Errors and Omissions Insurance Corporation.
In addition, licensees should be aware that their Real
Estate Errors and Omissions Insurance Indemnity Plan excludes coverage for licensees when they are either buying or selling real estate.
RESA also contains general provisions relating to the holding of trust money and discipline, as well as provisions relating to the creation or continuation of other related bodies such as the Real Estate Foundation of British Columbia, Real
Estate Errors and Omissions Insurance Corporation, and the Real Estate Compensation Fund Corporation.
The Real
Estate Errors and Omissions Insurance Corporation provides liability insurance for approximately 27,000 real estate licensees in British Columbia.
For further clarification, especially regarding spouses owning property, licensees are directed to the policy entitled «Indemnity Plan», available through the Real
Estate Errors and Omissions Insurance Corporation website.
All content copyright © 2018 Real
Estate Errors and Omissions Insurance Corporation website by nrichmedia
Additionally, licensees engaged in strata management participate in the errors and omissions insurance program administered by the Real
Estate Errors and Omissions Insurance Corporation.
CREA, BCREA, the Real Estate Council of B.C., the Real Estate Foundation of B.C., the Real
Estate Errors and Omissions Insurance Corporation of B.C. and real estate boards from Vancouver and Victoria honoured us by their presence.
He is a past chair of the Real
Estate Errors and Omissions Corporation of B.C., the Real Estate Council of B.C., and the B.C. Real Estate Association, and is a current director of the Vancouver Island Real Estate Board.
He is a past Chair of the Real
Estate Errors and Omissions Corporation of B.C. and the Real Estate Council of B.C., the B.C. Real Estate Association, and is a current director of the Vancouver Island Real Estate Board.
The Board of Directors of the Real
Estate Errors and Omissions Insurance Corporation has elected Liz Tutt as chair of the board.
Guests at the AGM included CREA president - elect George Pahud and training and marketing co-ordinator Lynn St - Germain; B.C. Real Estate Association president John Tillie and Region III director Jennifer Lynch; Real Estate Council of B.C.'s County of Nanaimo (broker member) John Finlayson; Randy Forbes representing the Real
Estate Errors and Omissions Insurance Corporation; and Victoria Real Estate Board president Randi Masters and EO David Corey.
«With over 28 years of real
estate errors and omissions insurance experience, Schinnerer has developed a program proven to adapt to our dynamic real estate industry.
He is a past chair of the Real
Estate Errors and Omissions Corporation of BC, the Real Estate Council of B.C., the B.C. Real Estate Association and the Vancouver Island Real Estate Board.
He is a past chair of the Real
Estate Errors and Omissions Corporation of B.C., the Real Estate Council of B.C., the B.C. Real Estate Association and the Vancouver Island Real Estate Board.
He is a managing broker for Coast Realty Group (Comox Valley) Ltd., with offices on Vancouver Island and the Sunshine Coast of B.C. Marty is a past chair of the Real
Estate Errors and Omissions Corporation of B.C., the Real Estate Council of B.C. and the B.C. Real Estate Association.
My involvement in the industry at the board and provincial levels, in a regulatory role on the B.C. Real Estate Council and on the Real
Estate Errors and Omissions Insurance Corporation, left me with anecdotes and opinions, some even my own.
He is a past chair of the Real
Estate Errors and Omissions Corporation of BC, the Real Estate Council of BC, the BC Real Estate Association and the Vancouver Island Real Estate Board.
He is a managing broker for Coast Realty Group, with offices on Vancouver Island, the Discovery and Gulf Islands and the Sunshine Coast of B.C. Marty is a past chair of the Real
Estate Errors and Omissions Corporation of B.C., the Real Estate Council of B.C., the B.C. Real Estate Association and the Vancouver Island Real Estate Board.
-- Rob Stevens, past EO of the Real
Estate Errors and Omissions Insurance Corporation of B.C.
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In B.C., the Realtor merely turns over the complaint to the Real
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Licensed to practice law in Michigan
and Nevada, Mr. Seltzer is a specialist in the areas of legal malpractice, architect
and design professional malpractice, accounting malpractice, real
estate broker
errors and omissions, directors»
and officers» liability claims
and insurance coverage disputes.
«After alerting her managing broker
and advising the Real
Estate Errors &
Omissions Insurance Corporation of the potential legal proceedings, Linda sat down to reflect on what she could have done to avoid this unfortunate turn of events.»
Douglas has served on the Real
Estate Council
and the Real
Estate Errors &
Omissions Insurance Corporation.
For coverage to protect yourself as a real
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