A Michigan real estate broker must maintain errors and omissions insurance of at least:
Question & Answer
Review the question and all answer choices
$50,000
$100,000
No E&O requirement exists
$250,000
Why is this correct?
Michigan does not require real estate licensees to carry errors and omissions insurance, though it is recommended.
Continue Learning
Explore this topic in different formats
More Agency Law Videos
Continue learning with related video lessons
In Washington, dual agency requires:
3-5 min • 0 views
Connecticut real estate licensees are regulated by the:
3-5 min • 0 views
A broker provides services to both a buyer and a seller in a transaction without disclosing their dual agency status. This is an example of:
3-5 min • 0 views
Ohio requires how many hours of pre-license education for salespersons?
3-5 min • 0 views
Georgia's continuing education requirement for license renewal is:
3-5 min • 0 views
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.