Your resource for all things Real Estate. Including Legal, Agent & Broker, and Property Rights Issues.
Resources and updates on NAR’s settlement agreement related to broker commissions.
Whether you’re a new agent or an experienced broker you have access to a wide array of resources designed to help you succeed in today's market.
Including home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through knowledge of the latest trends and statistics.
Get the latest top line research, news, and popular reports. National, regional, and metro-market level housing statistics where data is available. Research on a wide range of topics of interest to real estate practitioners. Access recent presentations from NAR economists and researchers. Affordability, economic, and buyer & seller profile data for areas in which you live and work. Analysis of commercial market sectors and commercial-focused issues and trends. Representing Your Industry
Now more than ever, it is critical for REALTORS® across America to come together and speak with one voice.
Advancing Your Career
NAR and its affiliated Institutes, Societies, and Councils offer a wide selection of real estate training options.
Continuing education and specialty knowledge can help boost your salary and client base. Fulfill your COE training requirement with free courses for new and existing members. Meet the continuing education (CE) requirement in state(s) where you hold a license.Acknowledging experience and expertise in various real estate specialties, awarded by NAR and its affiliates.
Offering research services and thousands of print and digital resources. Empowers REALTORS® to evaluate, enhance and showcase their highest levels of professionalism. Academic opportunities for certificates, associates, bachelor’s, and master’s degrees. News & Events
Stay current on industry issues with daily news from NAR. Network with other professionals, attend a seminar, and keep up with industry trends through events hosted by NAR.
Official news releases from NAR. Advancing best practices, bringing insight to trends, and providing timely decision-making tools. Commentary from NAR experts on technology, staging, placemaking, and real estate trends. Stay informed on the most important real estate business news and business specialty updates.
America's largest trade association, representing 1.5 million+ members, including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
Your resource for all things Real Estate. Including Legal, Agent & Broker, and Property Rights Issues.
Real Estate Topics Resources and updates on NAR’s settlement agreement related to broker commissions. MembershipWhether you’re a new agent or an experienced broker you have access to a wide array of resources designed to help you succeed in today's market.
Providing Membership Value Bringing you savings and unique offers on products and services just for REALTORS®. Complete listing of state and local associations, MLSs, members, and more. As a member, you are the voice for NAR – it is your association and it exists to help you succeed. Only members of NAR can call themselves a REALTOR®. Learn how to properly use the logo and terms. Review your membership preferences and Code of Ethics training status. Research & StatisticsIncluding home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through knowledge of the latest trends and statistics.
Market Behavior Get the latest top line research, news, and popular reports. National, regional, and metro-market level housing statistics where data is available. Research on a wide range of topics of interest to real estate practitioners. Access recent presentations from NAR economists and researchers. Affordability, economic, and buyer & seller profile data for areas in which you live and work. Analysis of commercial market sectors and commercial-focused issues and trends. NAR is widely considered one of the most effective advocacy organizations in the country. Representing Your Industry From its building located steps away from the U.S. Capitol, NAR advocates for you. Promoting the election of pro-REALTOR® candidates across the United States. Resources to foster and harness the grassroots strength of the REALTOR® Party. A powerful alliance working to protect and promote homeownership and property investment.Now more than ever, it is critical for REALTORS® across America to come together and speak with one voice.
NAR and its affiliated Institutes, Societies, and Councils offer a wide selection of real estate training options.
Advancing Your Career Continuing education and specialty knowledge can help boost your salary and client base. Fulfill your COE training requirement with free courses for new and existing members. Meet the continuing education (CE) requirement in state(s) where you hold a license.Acknowledging experience and expertise in various real estate specialties, awarded by NAR and its affiliates.
Offering research services and thousands of print and digital resources. Empowers REALTORS® to evaluate, enhance and showcase their highest levels of professionalism. Academic opportunities for certificates, associates, bachelor’s, and master’s degrees. News & EventsStay current on industry issues with daily news from NAR. Network with other professionals, attend a seminar, and keep up with industry trends through events hosted by NAR.
News & Events Official news releases from NAR. Advancing best practices, bringing insight to trends, and providing timely decision-making tools. Commentary from NAR experts on technology, staging, placemaking, and real estate trends. Stay informed on the most important real estate business news and business specialty updates.America's largest trade association, representing 1.5 million+ members, including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
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Errors and omissions insurance (E&O) is a type of professional liability insurance that protects companies and their workers or individuals against claims made by clients for inadequate work or negligent actions. Errors and omissions insurance often covers both court costs and any settlements up to the amount specified by the insurance contract.
Victor Insurance Managers LLC and the National Association of REALTORS® have partnered under NAR REALTOR Benefits® to provide a first-class E&O insurance program to REALTOR® members. Victor is one of the largest and most experienced underwriting managers of specialty insurance programs in the world, serving more than 46,000 policyholders in various specialty industries through independent insurance agents and brokers.
See References for more information.
NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles ( E ) are available only to NAR members and require the member's nar.realtor login.
Victor Insurance Managers LLC and the National Association of REALTORS® have partnered under NAR REALTOR Benefits® to provide a first-class E&O insurance program to REALTOR® members. Several premium credits are available, as allowed by state law, including a credit for being an NAR member, holding select NAR designations, continuing education, use of standard contracts, use of home warranties, risk management programs, etc. A longevity credit is available for firms that have been insured with Victor for three years, with additional longevity credits available after reaching the five-year mark and ten-year marks.
To learn more about Victor’s Real Estate Errors & Omissions Insurance Program, take a look at their program brochure or call 888-429-6638. Be sure to mention that you are a member of the National Association of REALTORS®.
Some state associations also have carriers they recommend (check with your state association for this information). Please see this list for additional Errors & Omission Insurance Providers.
Having E&O insurance is a must to protect your career and financial stability. Every real estate professional should understand common errors and know what the insurance covers to help safeguard them against the unpredictable challenges of the industry. Whether it’s mandatory or not, this insurance gives you the confidence to navigate potential legal disputes while continuing to build trust with your clients.
Real estate licensees need to be aware that even if your brokerage does hold E&O insurance for you, there might be limitations, exclusions, or gaps. There is still great benefit in having an individual real estate E&O policy that can be customized to your specific needs. Having a tailored policy puts you in control of your own protection and provides better coverage than a simple, ‘off-the-shelf’ solution.
Errors and omissions (E&O) insurance is a type of liability insurance that covers claims against your business for mistakes you made or services you failed to provide. E&O insurance protects your business from claims by clients for negligence, malpractice, errors, or omissions you allegedly made while providing a professional service. The insurance helps pay for your legal fees and any owed damages or settlements.
Professional liability insurance policies vary, but coverage typically includes legal defense costs, settlements and judgements from covered claims.
It’s important to note that while professional liability coverage is a critical protective measure for real estate professionals, agents typically need to have general liability insurance to cover any medical or legal defense costs that stem from injury or property damage-related claims.
While some states (or real estate boards) require agents to carry a professional liability insurance policy, in others it’s a voluntary decision made by the agent or their brokerage. Premium costs can differ state to state, and selling commercial versus residential real estate can potentially impact premium costs.
E&O Tail coverage is a special coverage that applies to your past transactions, even after your standard E&O coverage has lapsed, and it is attached to your real estate license. Tail coverage is also referred to as Extended Reporting Period (ERP) coverage because its purpose is to keep you insured after your license lapses, expires, or otherwise becomes inactive, such as at retirement. The coverage only applies to actions taken while under the primary E&O period when your real estate license is active.
Insurance companies are typically ranked A to E, with A as the top rating. The higher the rating, the more financially stable the carrier. That's why you usually want to buy errors and omissions insurance from a carrier rated A or better.
Here’s how to stay honest and protect yourself:
If you’re ever in doubt about whether to disclose something, err on the side of caution and disclose.
Create best practices to monitor and mitigate risks. Streamline workflows and implement best practices with a risk management platform. This solution can also measure and score reports from property inspections and evaluations to highlight red flags and risk patterns. By continuously monitoring for risks, you can identify potential threats before they happen and create a response plan to minimize negative impacts.
What can put your real estate or title brokering business at the center of a million-dollar lawsuit? Here are some common triggers for E&O claims:
Avoid using AI to draft contracts, modify standard forms, or provide legal advice to clients. Instead, seek appropriate advice from actual professionals.
Tips for Managing Risk & Managing Reputation Bundle (Digital Download), (National Association of REALTORS®) Item #135-101
This unique combination of eProduct's was specifically created for you to help manage risk. This combination bundle will help you succeed with social media and will also help you make the right E & O insurance decisions.
The following eBooks and digital audiobooks are available to NAR members:
As a member benefit, the following resources and more are available for loan through the NAR Library. Items will be mailed directly to you or made available for pickup at the REALTOR® Building in Chicago.
Have an idea for a real estate topic? Send us your suggestions.
The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.
