Maryland License Law (alternative)
A Maryland broker must maintain errors and omissions (E&O) insurance for their brokerage to:
AMeet MREC's mandatory requirements
BProtect the brokerage from professional liability claims — while Maryland strongly recommends E&O, check current MREC requirements as they may vary✓ Correct
CQualify for the MLS
DComply with NAR standards
Explanation
E&O insurance protects Maryland real estate professionals from professional liability claims. Whether required or voluntary, having E&O coverage is a sound business practice for all Maryland brokers.
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