Pennsylvania License Law
What is Pennsylvania's 'errors and omissions insurance' requirement for real estate licensees?
APREC mandates E&O insurance for all licensed Pennsylvania real estate brokers
BPennsylvania does not require E&O insurance by law, but many brokerages require it, and the Pennsylvania Association of Realtors strongly recommends it✓ Correct
CE&O insurance is required only for licensees handling commercial transactions over $1 million
DPennsylvania requires E&O insurance only for property managers, not sales licensees
Explanation
Pennsylvania law does not mandate errors and omissions (E&O) insurance for real estate licensees, unlike some other states. However, most reputable Pennsylvania brokerages require their affiliated licensees to carry E&O coverage, and individual licensees operating their own brokerages are strongly advised to do so. E&O insurance protects against claims arising from professional mistakes, omissions, and negligent misrepresentations. Coverage typically excludes intentional fraud and criminal acts.
Related Pennsylvania Pennsylvania License Law Questions
- A Pennsylvania licensee who engages in 'net listing' — agreeing to accept anything above a minimum price as their compensation — is:
- In Pennsylvania, a salesperson license must be held under:
- A Pennsylvania broker who wishes to operate as a sole proprietor must:
- A licensee in Pennsylvania must disclose their licensed status in writing when:
- A Pennsylvania real estate license is valid for a period of:
- A Pennsylvania real estate licensee convicted of a fair housing violation may face which PREC consequence?
- A foreign licensed real estate broker (licensed in another state) wants to assist with a Pennsylvania property transaction. They must:
- Which state agency licenses and regulates real estate brokers and salespersons in Pennsylvania?
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →