Feel Like Being Almost Blackmailed

[sludgesurfer1]

I have seen E&O used as a profit center for Real Estate Brokerages... I had one guy that was paying anywhere from $90-225k per year (depending on the deductible) and collecting over $1m from his agents. He was charging them $400 per quarter or $1600 per year. The best they could find on their own was a $2500 yr minimum premium but you had 800+ agents sharing a $5m limit in CA with high RE prices.
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I have seen E&O used as a profit center for Real Estate Brokerages... I had one guy that was paying anywhere from $90-225k per year (depending on the deductible) and collecting over $1m from his agents. He was charging them $400 per quarter or $1600 per year. The best they could find on their own was a $2500 yr minimum premium but you had 800+ agents sharing a $5m limit in CA with high RE prices.

WOW that is really interesting. I gotta check with my local real estate buddies and see what they are paying through their local RE broker...