Oklahoma License Law
Oklahoma requires real estate brokers to maintain errors and omissions (E&O) insurance. E&O insurance protects against:
APhysical damage to the broker's office
BClaims arising from mistakes, omissions, or negligent acts in the performance of professional duties✓ Correct
CCriminal acts by the broker
DClient funds that are misappropriated
Explanation
Errors and Omissions (E&O) insurance is professional liability coverage protecting brokers and agents against claims from clients alleging mistakes, omissions, or negligence in their professional services. It does not cover intentional misconduct or fraud.
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