Mississippi License Law
A Mississippi real estate broker must maintain errors and omissions (E&O) insurance or ensure all affiliated licensees are covered. E&O insurance protects against:
ACriminal charges from MREC
BClaims arising from professional negligence, errors, or omissions in the performance of real estate services✓ Correct
CPhysical property damage at listed properties
DClaims from other brokers in commission disputes
Explanation
Errors and omissions insurance provides professional liability coverage for real estate brokers and agents against claims alleging negligent professional acts, errors, or omissions in the performance of real estate services — such as failure to disclose a material defect, misrepresentation, or failure to follow client instructions.
Related Mississippi Mississippi License Law Questions
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