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A Michigan real estate broker must maintain errors and omissions insurance of at least:

Correct Answer

C) No E&O requirement exists

Michigan does not require real estate licensees to carry errors and omissions insurance, though it is recommended.

Answer Options
A
$50,000
B
$100,000
C
No E&O requirement exists
D
$250,000
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Related Topics & Key Terms

Related Topics:

state-licensing-requirementsreal-estate-risk-managementprofessional-liability-insurance

Key Terms:

errors and omissions insuranceE&O insuranceMichigan LARAreal estate licenseeprofessional liability
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